Jay Wright Forrester Prize Lecture, 2000
Not only the tragedy of the commons: misperceptions of feedback and policies for sustainable development
Article first published online: 26 JAN 2001
Copyright © 2000 John Wiley & Sons, Ltd.
System Dynamics Review
Volume 16, Issue 4, pages 325–348, Winter 2000
How to Cite
Moxnes, E. (2000), Not only the tragedy of the commons: misperceptions of feedback and policies for sustainable development. Syst. Dyn. Rev., 16: 325–348. doi: 10.1002/sdr.201
- Issue published online: 26 JAN 2001
- Article first published online: 26 JAN 2001
- Manuscript Received: SEP 2000
- Manuscript Revised: SEP 2000
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, flow resources, but not for dynamic, stock resources. Simplifying and reframing the management problem, by focusing on net growth rates, is suggested as a means to foster the use of more appropriate heuristics. Copyright © 2000 John Wiley & Sons, Ltd.