PHIL 2380 Lecture Notes - Lecture 4: Garrett Hardin, Management System, Market Failure
4 Feb 2016
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Document Summary
Carbon dioxide emissions present a management problem because although the emissions come from a set of singular locations, they enter the atmosphere and become shared among all countries. The benefits of carbon reduction technologies might be unevenly distributed as well. An allegorical description of a game-theoretical situation in which multiple decisions in pursuit of their own interests tend to create collective outcomes that are non-optimal for everyone. An example of a market failure, but also an interesting ethical and social dilemma. Free riding can occur with the commons (selfishness, negative) Tragedy of the commons: garrett hardin theorized about a particular version of the prisoner"s dilemma known as the. Ruin is the destination toward all men rush, each pursuing his own best interest in society that believes in the freedom of the commons. Freedom in a commons brings ruin to all . Assumes all people are selfish tragedy of the commons, using the example of a commonly held pasture.
