πŸ„ Tragedy of the Commons MicroSim

Watch as individual rational decisions lead to collective disaster

1x
0
Total Cows
100%
Grass Health
0
Farmers
$0
Total Profit
πŸ“ˆ Growth Phase: Farmers are adding cows to profitable pasture

How it Works:

The Setup: Multiple farmers share a common pasture. Each farmer wants to maximize their individual profit by adding more cows.

The Logic: Each farmer gets 100% of the benefit from their cows, but the cost of overgrazing is shared among all farmers.

The Tragedy: What's rational for individuals becomes irrational for the group - the pasture gets destroyed.

Watch for: The point where individual gain turns into collective loss.