But don't you think the existence of regulation influences the culture? | Hacker News

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		wglb on Aug 4, 2012 \| parent \| context \| favorite \| on: Trading Program Ran Amok, With No ‘Off’ Switch But don't you think the existence of regulation influences the culture?

toomuchtodo on Aug 4, 2012 [–]

Penalties influence the culture. As we all know, the first lesson in economics is that incentives matter.

Sometimes, the right people aren't being incentivized to do the right thing.

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