Economists love to tell each other stories about perverse incentives. The “cobra effect” is a favourite. It describes an attempt by the British Raj to rid Delhi of its cobras by paying a bounty ...

Pepsi twice ended up in court after promotions went disastrously wrong. Other big companies have fallen into the same trap – promising customers rewards so generous that to fulfil the promise ...

Why did audience members fail to flee a deadly fire… despite being told to escape? Flames are spreading through a Cincinnati hotel. The staff know it, the fire department is coming, and the people ...

As artificial intelligence becomes ever more capable, is any job secure? “I’ve sort of convinced myself that the safest job in the world is probably gardener,” the FT’s chief economics commentator ...

One death is a tragedy. A million deaths is just a statistic. If Stalin ever said such a thing, he wasn’t the first — but the ghoulish claim has stuck to him because he is one of very few politicians ...

This week I speak to Ben Nadaff-Hafrey about his podcast The Last Archive, the time the US started panicking about parakeets, population control, Ursula Le Guin, and more. Enjoy! If you want to rea… ...

The height of stupidity is being too stupid to know you are stupid… and it’s more common than you think. The hijackers of flight 961 wanted its pilot to fly them to Australia – an… ...

Acclaimed author Michael Lewis discusses his time with Sam Bankman-Fried and why he thinks both high finance and Effective Altruism shaped the ‘Crypto King’s’ worldview, ultimately landing him in jail ...