The role of insurance

I hate insurance companies. That is not too strong a word. One could ask why I even get insurance because the very thought of dealing with an insurance company makes me feel stressed. My abhorrence of insurance companies stems from the Canterbury earthquakes. Up till that time, I thought of insurance as a generally expensiveContinue reading “The role of insurance”

Perverse incentives

Perverse incentives are incentives that have unintended, negative effects that are contrary to the intention of their designers. The ‘cobra effect’ is famous; the British government, concerned about the number of venomous cobras in Delhi, offered a bounty for every dead cobra. Initially, this was a success and large numbers of snakes were killed for the reward. Eventually, however, enterprisingContinue reading “Perverse incentives”

Living the divide

I find myself continually saddened by the effects of the cost of housing in Queenstown and Wanaka, and the resultant people who cannot ever aspire to buy a home where they live. A huge economic divide has formed and there are very few bridges that span it. At the Songwriters’ Society night on Thursday, theContinue reading “Living the divide”