We Know That People Tend to Overuse Common Resources

question 129

Multiple Choice

We know that people tend to overuse common resources. This problem can be viewed as an example of

• A) a game in which the players succeed in reaching the cooperative outcome.
• B) the prisoners' dilemmb.
• C) a situation to which game theory does not apply because of a lack of strategic thinking.
• D) a situation to which game theory does not apply because of too many decision-makers.

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Definitions:

Authority

Is legitimate, institutionalized power.

Social Relationship

A connection between individuals based on social interactions, affiliations, or roles within a community or society.

Moral Consent

An agreement or acceptance that is considered ethical or in alignment with societal norms and moral principles.

Legitimacy

The general belief that a rule, institution, or leader has the right to govern or exercise authority.