Premium Only Content
Tragedy of the Commons
The tragedy of the commons is a situation in which individuals acting in their own self-interest behave contrary to the common good of all others by depleting or spoiling a shared resource through their collective action. The phenomenon was first described by the British economist William Forster Lloyd in 1833. Lloyd observed that because grazing on the commons (fields that were open to anyone) was free, the land was spoiled, which diminished the value of the fields for everyone. Can you think of a free resource that’s possibly subject to the same tragedy? Sharks might!
SUPPORT us to discover more econ concepts!
https://www.patreon.com/sprouts 🐦:
DOWNLOAD video without ads and background music 🤫:
https://sproutsschools.com/video-lessons/
SIGN UP to our mailing list and never miss a new video from us 🔔:
http://eepurl.com/dNU4BQ
SOURCES and teaching resources 🎓:
https://sproutsschools.com/tragedy-of-the-commons/
CONTRIBUTE by upvoting your favorite topic or suggesting new ones :
https://sprouts.featureupvote.com/
THANKS to our patrons
This video was made with the support of our Patrons: Adam G, Badrah, Andrea Basilio Rava, Angela, Bettina Kind, Brilliant Minds Learning, Broke, Cedric Wang, Daniel Kramer, David Markham, Denis Kraus, Digital INnov8ors, Don Bone, Enrique Arellano Farias, Esther Chiang, Eva Marie Koblin, Gatsby Dkdc, Ginger, Hal Beltran, Ich kann Deutsch und es war einfach, Jannes Croon, Jeffrey Cassianna, Joanne Doyle, Johan Klassen, John Zhang, Jonathan Schwarz, Judy Roland, kritik bhimani, Liskaya, Marcel, Margaret Grace, Maria, Marq Short, Mathis Nu, Mezes.Macko, Muhammad Humayun, Nancy Bueffler, Okan Elibol, Peter Bishop, Petra, Raman Srivastava, Raymond Fujioka, Reynir Örn Bachmann Guðmundsson, Robert Cook, Scripz, Shao Xiang, Sergei Kukhariev, Si, Susan Schuster, Stephen Clark, Stephen, Tetiana Gerasymova, Tristan Scifo, Tsungren Yang, Victor Paweletz, Vishruth Harithsa, Wolfgang Vullhorst and all the others. Thank you! To join them visit www.patreon.com/sprouts
COLLABORATORS
Script: Jonas Koblin
Artist: Pascal Gaggelli
Voice: Mithril
Coloring: Nalin
Editing: Peera Lertsukittipongsa
Head of Partnership Program: Selina Bador
Production: Morgan Lizop, Bianka
Proofreading: Susan
Sound Design: Miguel Ojeda
Classroom exercise: Morgan Lizop
SOUNDTRACKS
Toys Are Alive - Studio Le Bus
Terror Avenue - Jack Pierce
DIG DEEPER with these resources:
Bruce Yandle talks about the tragedy of the commons and the ways that people have avoided the overuse of resources that are held in common. Examples discussed in this econtalk include fisheries, roads, rivers and the air.
Learn about carbon tax as a solution for polluting the air and reducing carbon emissions. Carbon taxes are intended to make visible the "hidden" social costs of carbon emissions, which are otherwise felt only in indirect ways like more severe weather events.
SOURCES
Tragedy of the commons
https://en.wikipedia.org/wiki/Tragedy_of_the_commons
Plastics in ocean
http://www3.weforum.org/docs/WEF_The_New_Plastics_Economy.pdf
Swiss alps law
https://www.csub.edu/~craupp/psyc332/CHPT6.pdf
Age of Humans
https://www.universetoday.com/38125/how-long-have-humans-been-on-earth
Homework assignment
https://economicskey.com/the-tragedy-of-the-commons-5741
CLASSROOM EXERCISE
Don’t Kill The Rabbit! To experience the tragedy of the commons first hand, here is a group game.
The game has four elements:
A circle = the commons
Participants = farmers
Carrots = food
Rabbits = animals to be fed
Getting started:
Choose a number of people (say 5) to do this exercise with.
On an erasable board, draw a circle, then draw carrots in it (say 20).
Give each participant a secret note with a number on it (say: 1, 3, 1, 1, 4). This number represents how many rabbits each participant has to feed. Each rabbit needs to eat at least one carrot per round to stay alive.
Ask participants, one after the other, to take as many carrots from the circle as they want. At the end of the round, double the amount of all the carrots that are left.
Then continue to play round after round until all carrots are gone and the first rabbit dies.
The first time you do this, make sure you have exactly twice as many carrots as there are rabbits to feed so that if everyone picks just what they need (the carrots are replenished). What do you observe? Are the commons being depleted and do the rabbits die?
Try to do this again with a different number of carrots, letting participants tell each other how many rabbits they are feeding, or with settings we haven’t thought of. Let us know what you observe in the comments below.
Chapter
00:00 Introduction
00:47 Tragedy of the Commons theory
01:31 Social Norms
02:01 Privatization
02:33 State Regulation
03:50 What do you think?
04:15 Ending
-
3:50
Sprouts
4 months agoDark Medicine: The Sad Story of Dr. Semmelweis
337 -
2:44
BIG NEM
10 hours agoWhat's Really Behind the Fake Alpha Male Epidemic?
17.5K4 -
57:20
State of the Second Podcast
7 days agoThe Inventor of Bump Stock Fights Back! (ft. Slide Fire)
11.5K4 -
1:04:12
PMG
1 day ago $11.69 earned"I’ll be DRONED for Christmas!"
44.9K11 -
23:38
RealitySurvival
1 day agoBest Anti-Drone Rounds For Self Defense
26.6K4 -
57:43
barstoolsports
18 hours agoBest Shot Wins The Game | Surviving Barstool S4 Ep. 7
214K10 -
1:52:24
Kim Iversen
13 hours agoLuigi Mangione Charged With TERRORISM | Liz Cheney Accused Of WITNESS TAMPERING, Faces 20 YEARS IN JAIL
119K159 -
6:50:10
Akademiks
14 hours agoJay Z says he aint NEVER been friends w/ DIDDY! Bhad Bhabie lost her man? Travis Hunter Down Bad?
121K14 -
2:27:04
AirCondaTv Gaming
13 hours ago $24.26 earnedWar Thunder - Tankering Around for That 10 Bomb
63.1K5 -
4:19:05
SpartakusLIVE
15 hours agoThe MACHINE locks in for 12-hour POWER stream
45.1K1