Regulations are sometimes written to prevent what's already happened, without anticipating future problems, and they might create unintended consequences, said Sandra Peart, dean of the Jepson School of Leadership Studies at the University of Richmond.

"We regulate so that something can't happen in the future, but then people find ways to get around the regulations or take advantage of them, and those are the things that we don't always foresee," Peart said.

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Dean, Professor of Leadership Studies
Ethics and Economics
Leadership Ethics
History of Economic Thought
History of Political Economy
Experimental Economics