4 ms·
Arguably it is exactly like the tragedy of commons - the original analogy is common pastures getting overexploited as noone wants to limit their cows so that th
by PeterisP 5y ago
Arguably it is exactly like the tragedy of commons - the original analogy is common pastures getting overexploited as noone wants to limit their cows so that the pasture isn't overcrowded; and in this analogy noone wants to limit their satellites so that the space isn't overcrowded..
- guerrilla 5y ago"A resource arrangement that works in practice can work in theory." - Elinor Ostrom Good thing that old thought experiment isn't based on empirical evidence from the real world as the first woman to win a Nobel Prize in economics showed us [1]. In both cases, it's in all participants interest as the GP said but there are some further conditions that Ostram outlined. It turns out in the real world, those conditions are met more often than not and can clearly met in this case. 1. https://en.wikipedia.org/wiki/Elinor_Ostrom#Research https://en.wikipedia.org/wiki/Elinor_Ostrom#Research
- tdeck 5y agoIt would be better to describe this as the "tragedy of the unregulated commons". In reality societies that practiced commons-based agriculture were able to collaborate effectively and limit overgrazing through laws and community norms.