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This is known as "The Tragedy of the Commons". http://en.wikipedia.org/wiki/Tragedy_of_the_commons http://en.wikipedia.org/wiki/Tragedy_of_the_commons
by Jabbles 14y ago
This is known as "The Tragedy of the Commons".
http://en.wikipedia.org/wiki/Tragedy_of_the_commons http://en.wikipedia.org/wiki/Tragedy_of_the_commons
- mcrady 14y agoExcept there's no "shared limited resource" in this case. Just an overvalued social network.
- fghh45sdfhr3 14y agoNah, the tragedy of the commons describes more specific things. Like catching all the tuna until they are extinct. This is more game theory. Pretty simple game theory, but still information/coordination related game theory.