Conversation with one of my Environmental Economics students at the final exam regarding the two large plates of cookies I made for the students.
Student: Are these cookies a common pool resource?
Me: I suppose.
Student: In that case there is about to be a tragedy of the commons.
Me: This class has certain social norms.
Student: I will not see them again so I don't care about social norms.
Me: You forget that I have not graded your exam yet and I assure you that sequential game theory will apply.
Me: I suppose.
Student: In that case there is about to be a tragedy of the commons.
Me: This class has certain social norms.
Student: I will not see them again so I don't care about social norms.
Me: You forget that I have not graded your exam yet and I assure you that sequential game theory will apply.
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