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Economics & Markets

Tragedy of the Commons

Economics & Markets · William Forster Lloyd / Garrett Hardin

1 min read

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Overview

When individuals acting in rational self-interest deplete or degrade shared resources, producing collective harm.

How to cite

Faster Than Normal. “Tragedy of the Commons Mental Model.” fasterthannormal.co/mental-models/tragedy-of-the-commons. Accessed 2026.

On this page

  • Overview