when resources are not partitioned, people often consume more than they realize. when given an opportunity to slice their own cake, individuals will take more of the cake by cutting larger pieces than if the cake is pre-sliced. this is an example of

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18-11-2022
Social Studies

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when resources are not partitioned, people often consume more than they realize. when given an opportunity to slice their own cake, individuals will take more of the cake by cutting larger pieces than if the cake is pre-sliced. this is an example of

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jaiswaljyoti jaiswaljyoti · Answer 1 · 2022-11-21T21:09:14+01:00

When resources are not partitioned, people often consume more than they realize. when given an opportunity to slice their own cake, individuals will take more of the cake by cutting larger pieces than if the cake is pre-sliced. this is an example of the tragedy of the commons.

The phrase "tragedy of the commons" refers to a situation where people who have access to a shared resource (also known as a common) act selfishly and eventually deplete the supply.

This hypothesis explains people's propensity to make choices that serve their own interests regardless of the potential harm they may do to others. Sometimes, a person's conviction that others won't act in the group's best interests can encourage them to rationalize selfish behavior. Potential misuse of a common-pool resource, which is a hybrid of a public and private good, might also persuade people to behave in their short-term interests, leading them to consume unsustainable products and neglect any potential harm to the environment or the broader public.

Understanding the tragedy of the commons can help businesses and individuals make decisions that are more ecologically friendly and sustainable.

To learn more about Tragedy of commons , click here

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