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Tragedy of the commons
Connexipedia Article
http://www.connexions.org/CxLibrary/Docs/CxP-Tragedy_of_the_Commons.htm
Resource Type: Article
A dilemma in which multiple individuals acting independently and solely and rationally consulting their own self-interest will ultimately destroy a shared limited resource even when it is clear that it is not in anyone's long term interest for this to happen.
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