
Money & Markets
Indians bribe their way through driving tests and then wonder about road deathsDriving in India follows a set of unwritten rules, which of course are at odds with the actual rules. Many may even confuse the right of way as a constitutional right, judging by the anarchy one witnesses on the streets. As it turns out, in a prevailing culture of corruption, individuals find it easier to bend the rules, rather than follow the prescribed norms. Insights from game theory tell us that individuals act in a manner to maximise their return.
Updated July 20, 20226 min read