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I was thinking that this fits more along the lines of tragedy of the commons. http://en.wikipedia.org/wiki/Tragedy_of_the_commons http://en.wikipedia.org/wiki/
by gcheong 18y ago
I was thinking that this fits more along the lines of tragedy of the commons.
http://en.wikipedia.org/wiki/Tragedy_of_the_commons http://en.wikipedia.org/wiki/Tragedy_of_the_commons
- ovi256 18y agoIsn't Tragedy of the commons a variant of the prisoner's dilemma ? It has a high number of prisoners, but the payoff matrix is the same. Similar to an arms race too.
- RiderOfGiraffes 18y agoSorry, I should've been clearer. Yes, this is what's commonly known as the tragedy of the commons, but that is more-or-less a (large) multiple-player version of the Prisoners' Dilemma, which is easier to analyse and harder to condemn. There are differences, but the underlying principle is similar enough. Too often these days people simply say "Tragedy of the Commons", wring their hands, and say that people are idiots. I was trying to make it clearer that game theory really does predict this behavior, that it's not irrational, that it is to be expected, and you have to change the rules to change the behavior. Exactly how to change the rules is left as an exercise for the interested reader.