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Tragedy of the commons - Wikipedia, the free encyclopedia -
2012-11-25 14:24:46 GMT
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"In economics, the tragedy of the commons is the depletion of a shared resource by individuals, acting independently and rationally according to each one's self-interest, despite their understanding that depleting the common resource is contrary to their long-term best interests. In 1968, ecologist Garrett Hardin explored this social dilemma in "The Tragedy of the Commons", published in the journal Science."
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