Saturday, February 23, 2013

The unintended consequence of licence plate schemes

A couple of cities such as São Paulo, Bogota and Mexico City have already tried to cut down on traffic using licence plate schemes. Needless to say they have achieved limited success  if any .

In this Freakonomics episode Dubner and Levitt talk about the universal law of 'unintended consequence' and how it applies to such schemes.