Tragedy of the Commons Game
Jump to navigation
Jump to search
A Tragedy of the Commons Game is a social game with a shared resource with game solutions that involve a negative externality.
- Example(s):
- Ocean Overfishing.
- …
- Counter-Example(s):
- See: Positive Externality, Invisible Hand, Global Warming, Great Pacific Garbage Patch, Fish Stocks, National Park, Evolutionary Psychology, Game Theory.
References
2014
- (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/Tragedy_of_the_commons Retrieved:2014-10-27.
- The tragedy of the commons is an economics theory by Garrett Hardin, according to which individuals, acting independently and rationally according to each one's self-interest, behave contrary to the whole group's long-term best interests by depleting some common resource. The concept is often cited in connection with sustainable development, meshing economic growth and environmental protection, as well as in the debate over global warming. "Commons" can include the atmosphere, oceans, rivers, fish stocks, national parks, the office refrigerator, and any other shared resource. The tragedy of the commons has particular relevance in analyzing behavior in the fields of economics, evolutionary psychology, anthropology, game theory, politics, taxation, and sociology. Some also see the "tragedy" as an example of emergent behavior, the outcome of individual interactions in a complex system.