Tuesday, February 17, 2015

Griffin Snow ~ Chapter 2 ~ Question 7

I learned more about incentives and the reasoning behind decision making in this chapter. The passage about the black rhinos and conservation of rain forests in East Africa and South America. We have been introduced to incentives in class with the example of the ship captains transferring prisoners, but this chapter let me see an example of a more current example. The most interesting part of the chapter for me was the problem solving of saving the black rhinos, who are being hunted and endangered as a species for their horns. When it was proposed to cut off the horns in order to reduce the incentive of hunting, but the hunters would still kill the rhinos to increase the price of the horns they have, because there are now fewer horns on the market.

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