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This Chapter Examines Several Collective Action Problems,such as the Tragedy

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Essay

This chapter examines several collective action problems,such as the tragedy of the commons,the stag hunt,and the example of fish stocks.All these examples show the problems that arise when individual self-interest conflicts with collective efforts,and why collective action tends to fail,even taking into consideration enlightened self-interest.There is a solution to making sure everyone cooperates.Explain what this solution is and give at least one example of how it resolves a collective action problem.


Definitions:

PCP

Synthesized drug now used as an animal tranquilizer that can cause stimulant, depressant, narcotic, or hallucinogenic effects.

Hidden Observer

A concept in hypnotism referring to a part of the mind that remains aware and observant during hypnosis, despite any suggestions of not being conscious of ongoing activities.

Ernest Hilgard

An influential psychologist known for his research on hypnosis and the theory of the "hidden observer" which suggests a part of the mind is always aware and observing what happens, even during hypnosis.

Tetrahydrocannabinol

The main psychoactive component of cannabis, responsible for the plant's intoxicating effects.

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