Difference between revisions of "Tragedy of the Commons"
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Revision as of 15:59, 25 March 2014
The phenomenon of exhaustion of a common resource by a group of individuals each acting in their own interest despite the awareness that they are acting against the collective’s long-term interest. This concept was first introduced by the ecologist Garrett Hardin in the article “The Tragedy of the Commons” (Science, December 13, 1968) and it has been applied to different examples throughout the history of humankind.
