PHL100Y1 Lecture Notes - Lecture 6: Free Rider Problem
Document Summary
Ef ciency: each does what they do best. In the case that no one is good at farming, education is needed to teach skills. Free rider problem: if 95% get vaccinated, the remaining 5% are protected by the lack of disease in the general population. Collaboration: easy when everyone bene ts in proportion to their efforts. Free rider problem: when contribution doesn"t make much difference. One confesses = that one is free, other serves 10 years. Conclusion: if everyone does what"s best for them, everyone ends up worse. Overpopulation problem: why should i have 1 child if others won"t . If they do, then my 10 children will help me and won"t make much difference. If they don"t, then ill need 10 children to support me. The person is analogous to a city. Virtue of person is analogous to those of a city. Individuals are conscious, state has no feelings.
