The tragedy of the commons is a concept that describes a situation where individuals, acting in their self-interest, deplete or degrade a shared and finite resource, leading to collective harm or suboptimal outcomes for everyone involved. It highlights the conflict between individual incentives and the common good when resources are held in common and not subject to private ownership or regulation."Everyone’s problem, no one’s responsibility 🌍🚯 Overuse of shared resources leads to depletion."For more mental models, please visit www.mentalmodelsdaily.com Get the full list at https://tinyurl.com/mentalmodelsdailyFollow us:X: @mindmodelsdaily https://x.com/mindmodelsdaily Instagram: @mentalmodelsdaily https://www.instagram.com/mentalmodelsdaily/ Youtube: https://www.youtube.com/@MentalModelsDaily/podcasts Spotify: https://open.spotify.com/show/1f0qi12saeBEJmtnjOSszg Amazon Music: https://music.amazon.co.uk/podcasts/6da552cf-1714-45ce-b302-7c6c69386fc3/mental-models-dailyApple Podcasts: https://podcasts.apple.com/gb/podcast/mental-models-daily/id1754257683Castbox: https://castbox.fm/channel/Mental-Models-Daily-id6203840?country=usiHeartRadio: https://www.iheart.com/podcast/269-mental-models-daily-189536773/Our Podcast music was provided by The Podcast Host and Alitu: The Podcast Maker app.

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