The Tragedy of the Commons
The
Tragedy of the Commons
(コモンズのひげき,
Tragedy of the Commons
in English) is an economic
law
that states that the depletion of shared
resources
occurs when they are overexploited by a large number of individuals. It is also known as
Tragedy of the Commons
. This concept was mentioned in
The World Moves with Systems
.
According to
, individual actions based on rational choices depend not only on one's own strategy but also on the strategies adopted by others.