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Coronavirus risk - game theory meets the tragedy of the commons

Geoff Riley

24th March 2020

My article for the day is from Tom Chivers writing on the UnHerd blog.

This is terrific stuff if you have thought about the collective action problems revealed by long queues at supermarkets, the distinct shortage of toilet rolls, and crowded parks, mountains and beaches last weekend. Game theory in the form of the Prisoners Dilemma is woven into the narrative, so too the class problem of the Tragedy of the Commons.

Please do read!

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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