Uploaded December 2021 | Updated September 2026, 1 week ago

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This video shows how to model the tragedy of the commons using a classic microeconomic model. The key feature is the drop-in-the-bucket feature. It also shows how the Tragedy of the Commons can sometimes be represented as a Prisoner's Dilemma.

Link to my course on microeconomic modelling: ashley-s-site-9d78.thinkific.com/courses/your-first-course