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Tragedy of the commons

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Definition Edit

Tragedy of the commons is

an economics theory . . . according to which individuals, acting independently and rationally according to each one's self-interest, behave contrary to the whole group's long-term best interests by depleting some common resource.

See also Edit

External resource Edit

  • Garrett Hardin, "The Tragedy of the Commons," 162 Science 1243 (Dec. 13, 1968) (full-text).

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