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skewed incentives

 
 
fansy
 
Reply Sat 27 Dec, 2008 07:08 am
Quote:
And why, in the words of Queen Elizabeth II, did none of the experts see it coming? The answer lies in a toxic combination of failures in risk management and regulatory oversight, as well as skewed incentives, particularly in the area of credit derivatives " the sophisticated financial products which dispersed rather than concentrated risk in the system.


My question is about the meaning of "skewed incentives", what do they refer to?
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Setanta
 
  1  
Reply Sat 27 Dec, 2008 09:16 am
Skewed incentives would mean incentives the purpose of which was apposite, or inappropriate. Not being the author of that particular rant, i have no idea why the author alleges that there were skewed incentives.
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Fountofwisdom
 
  1  
Reply Sun 28 Dec, 2008 03:04 pm
Skewed means warped. Incentives means aims. put them together and you have warped aims. twisted mothers. Crazy actions.
Her majesty was saying that those folks are bad to the core.
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