Evan Harmon - Memex

Tragedy of the Commons

img The Tragedy of the Commons is a metaphoric label for a concept that is widely discussed in economics, ecology and other sciences. According to the concept, should a number of people enjoy unfettered access to a finite, valuable resource such as a pasture, they will tend to over-use it, and may end up destroying its value altogether. To exercise voluntary restraint is not a rational choice for individuals – if they did, the other users would merely supplant them – yet the predictable result is a tragedy for all.
wikipedia:: Tragedy of the commons
Tragedy of the Commons
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Tragedy of the Commons
Perverse Incentive