Outside the Box: The cobra risk: When playing it safe makes your retirement less so

When the British occupied India under colonial rule in the mid to late 19th century, they had a problem — cobras. These venomous snakes were numerous in India and, unsurprisingly, the British weren’t fond of them. As a result, the British government set up a program by which they would pay anyone to bring them a dead cobra. Initially, this worked wonders as dead cobras started flooding in. However, after some time, the British discovered that some of the Indians had played a trick on them.

Indians looking to cash in on the cobra buyback program set up cobra farms to breed cobras.

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