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Well, the Tragedy of the Commons can also be modeled in game theoretic terms. This is logical only in the extremely oversimplified given scope. If you ignore al
by b3morales 5y ago
Well, the Tragedy of the Commons can also be modeled in game theoretic terms. This is logical only in the extremely oversimplified given scope. If you ignore all externalities (possibly including your own future needs), resource exploitation can appear to be a rational course of action.
But ignoring them, I would say, is not in fact logical or rational.