Overview
Social traps are critical concepts in understanding how individual actions can lead to collective harm. They highlight the conflict between personal interests and the well-being of the community. Examples like the Tragedy of the Commons and the Prisoner's Dilemma illustrate these dynamics, showing h...
Key Terms
Example: Overfishing in oceans is a classic example.
Example: Two suspects deciding whether to confess or remain silent.
Example: Community clean-up events to improve local parks.
Example: Using renewable energy sources.
Example: Water conservation practices in agriculture.
Example: Analyzing competitive business strategies.
Related Topics
Environmental Economics
Study of economic impacts on the environment and how to manage resources sustainably.
intermediateBehavioral Economics
Explores how psychological factors affect economic decision-making.
intermediatePublic Policy
The study of how government policies can address social issues.
advancedKey Concepts
Tragedy of the CommonsPrisoner's DilemmaCollective ActionSustainability