Re:Incentives in economics are wrong, but how?
by TheOtherHobbes on Friday June 11, 2021 @12:49PM
(#27475648)
It's a perfect example of incentives being wrong. If you're a huge corporation with land, property, and a tradition of relying on bequests and bloated fees, the reward function will optimise for more land, more property, more bequests, and more fees.
The nominal purpose - education - becomes more of a marketing exercise than the primary concern.
The nominal purpose - education - becomes more of a marketing exercise than the primary concern.