Ahan Analytics, LLC Thought Blog - Thoughts on making practical use of analytics
Aug
20

Twitter’s “Tragedy of the Commons”

written by Dr. Duru

The “tragedy of the commons” (Garrett Hardin, 1968) is a concept in economics that describes how a group of self-interested individuals can destroy a shared (and free) resource. Hardin’s classic is example is a group of herders who destroy a pasture as each herder maximizes his/her number of grazing cows to make the most use […]

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