During the Chapter 11 decision-making lecture, I describe “unintended consequences” and the “Cobra Effect”. Please complete the below items. You should have a separate paragraph for each item: Explain the Cobra Effect Why does this happen? Provide two real-world examples (other than those discussed in class, including snake, rat, and pig examples), try to find at least one in a business context. Possible examples: 1991 US Federal Luxury Tax, publishing corporate executives’ salaries, sugar (soda tax), pollution/emissions, Streisand (as in Barbra, the actress) effect, etc. or something new, interesting, etc. (last semester, students found some interesting examples related to COVID) In your example, describe what was intended, what actually occurred, why the intended and actual consequences were different, and how the desired effect could have been better achieved, or maybe it should not have been done at all? Be sure to reference and cite your source(s), use sources beyond Wikipedia Online articles are fine, they do NOT have to be scholarly journals. Usually you will be able to find many examples from business, economics, and psychology related websites.
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