Poker and the tragedy of the commons
Hey guys,
In this week's poker blog, we've taken a look at the tragedy of the commons, a dilemma formulated by Garrett Hardin, describing a situation where numerous individuals sharing a resource all make rational economic choices that end up destroying the very resource that they all initially benefited from.
We explain how this applies to poker, since understanding the effect of the phenomenon can have a big impact on keeping games going.
In this week's poker blog, we've taken a look at the tragedy of the commons, a dilemma formulated by Garrett Hardin, describing a situation where numerous individuals sharing a resource all make rational economic choices that end up destroying the very resource that they all initially benefited from.
We explain how this applies to poker, since understanding the effect of the phenomenon can have a big impact on keeping games going.