4 ms·
Because the world's climate is a public good, game theory predicts that this kind of thing won't ever work. We are semi-rational actors in a dynamic competitiv
by leot 13y ago
Because the world's climate is a public good, game theory predicts that this kind of thing won't ever work.
We are semi-rational actors in a dynamic competitive system. We can all want X to happen, and be willing to spend money to make X happen, but realize that doing so would make our own lives worse because of the non-participation of others, and so we contribute to making X happen not directly, but instead by trying to put rules in place that enforce participation.
I refer you to:
http://en.wikipedia.org/wiki/Public_good http://en.wikipedia.org/wiki/Public_good
http://en.wikipedia.org/wiki/Tragedy_of_the_commons http://en.wikipedia.org/wiki/Tragedy_of_the_commons
http://en.wikipedia.org/wiki/Game_theory http://en.wikipedia.org/wiki/Game_theory