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Sometimes, during a storm, the traffic lights will be shut down, and the traffic slows to a crawl -- people stop at the intersections; wait for the other cars; and then go; but all the second-guessing and stopping slows things down a lot compared to when the traffic light is operational. This situation is analogous to what happens with and without "government regulation" -- "with light" = "regulated"; "no light" = "unregulated".
Aug 14 2019 11:05 AM
  • Alislaws's Photo
    Except in economics there are occasional people who just blast through the intersection at high speed risking massive accidents because they're personally shielded from the consequences, like a metaphorical Humvee driver.
    Aug 14 2019 11:07 AM
  • johnnd's Photo
    Yeah, that would be your Goldman Sachs execs.
    Aug 14 2019 12:46 PM
  • starspawn0's Photo
    Though, I should add: sometimes too much regulation is a bad thing. And there are traffic analogues of that, too (solution proposed isn't to deregulate, but to regulate smarter): https://www.ted.com/talks/gary_lauder_s_new_traffic_sign_take_turns/details
    Aug 14 2019 02:24 PM