Try QuoteGPT
Chat naturally about what you need. Each answer links back to real quotes with citations.
"Every day, 1) ‘simple systems’ become complex: for example, a village becomes part of a city; and 2) ‘complex systems’ become more complex: for instance, financial markets embrace machine learning. Often, an increase in complexity leads to unintended consequences".
Alessandro Magnoli Bocchi (born 25 April 1968), is an Italian economist, investment professional and manager.
Chat naturally about what you need. Each answer links back to real quotes with citations.
Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.
Filter search results by source, date, and more with our premium search tools.
"In public policy, dependencies and unintended consequences matter. For example, ‘climate change’ and ‘population aging’ are key drivers of migration and cannot be ignored when designing immigration policies. Also, ‘deforestation’ not only leads to ‘global warming’, but also drives wild animals closer to humans - increasing the likelihood of viral infections, via ‘cross-species leaps’. As a result, most decisions cannot be taken in isolation: solving problems in one place is likely to create new ones, elsewhere. Also, well-intentioned policy choices can often provide perverse incentives - and obtain the opposite of their stated objectives. The phenomenon is known as the “cobra effect”: in India, during British rule, the authorities’ bounty on dead cobras resulted in a larger cobra population. In other words, policy making: 1) relies on a complex, interrelated context; and 2) can lead to unpredictable, non-linear outcomes".