A Note on Funaki and Yamato's Tragedy of the Commons

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Date

2002

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Abstract

"In the model of Funaki and Yamato (1999) the tragedy of the commons can be avoided with pessimistic players, while this does not hold for optimistic players. We propose a new core concept to overcome this puzzle and provide numerical simulations of simple games where the conclusions coincide or are less sensitive to behavioural assumptions."

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game theory, tragedy of the commons--models, simulations, common pool resources--models

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