Not only the tragedy of the commons : misperceptions of feedback and policies for sustainable development

@inproceedings{ForresterNotOT,
  title={Not only the tragedy of the commons : misperceptions of feedback and policies for sustainable development},
  author={Jay Wright Forrester}
}
The article summarizes key insights from four laboratory experiments to study renewable resource management. The commons problem, which is widely held to be the cause of mismanagement of common renewable resources, was ruled out by the design of the experiments. Still the participants overinvested and overutilized their resources. The explanation offered is systematic misperceptions of stocks and flows and of nonlinearities. The heuristics that people apply are intendedly rational for static… CONTINUE READING
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