> The problem of individuals making optimal choices on an individual scale being sub-optimal on a society scale
The problem is people think this is a remotely accurate statement. These things only work if you use very low order approximations. Like being the only person and time not existing. As soon as you build any accuracy your net benefit more aligns with society.
The classic example of this is the marshmallow experiment. It's myopic. We do it all the time but frequency doesn't make an action intelligent https://news.ycombinator.com/item?id=43873275
This isn't a tragedy of the commons issue. There's no finite resource we're all trying to draw upon in this case. The supply is generated by ourselves and it could be infinite if we chose to.
The classic example of this is the marshmallow experiment. It's myopic. We do it all the time but frequency doesn't make an action intelligent https://news.ycombinator.com/item?id=43873275
This isn't a tragedy of the commons issue. There's no finite resource we're all trying to draw upon in this case. The supply is generated by ourselves and it could be infinite if we chose to.