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Non Negative Benefits of the Commons in Infinitely Repeated Game

DOI: 10.5923/j.jgt.20120105.03

Keywords: Tragedy of the Commons, Repeated Game, Utility, SPE

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Abstract:

In this paper, two groups use the commons as a resource with its near-sightedness and far-sightedness. We study the game with majority of the group and unanimity of the group in its decision making. And we look into the game with the individuals’ utility in making use of the commons with near-sightedness and farsightedness in infinitely repeated game. SPE exists for nearsightedness which tends to destroy the commons in near large period of the game but farsightedness makes safe and useful for infinite period of the survivility of the humanity.

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