Are you a Steemit Cooperator or Free-rider?

in #steemit7 years ago

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The following thought experiment offers an interesting example of phenomenon of the tragedy of the commons. Imagine that I offer you and three other people $10 each, which is yours to keep. But I also give you an opportunity to make more money. You can put as much of your $10 as you want the "group pot." Once all the players have privately decided how much of their money to put in the group pot, all the money doubles and then split evenly among the four participants, regardless of how much money each individual contributed. How much of your $10 would you put into the group pot? If all four of you put in $10, the group pot would double from $40 to $80, be divided four ways, and each of you would take away a nice $20.

So let's say you put in your $10, thinking that the other players will do the same. Once the pot is divided, however, you only get $15 back, not $20. What happened? It turns out that one of the players - let's call him Bernie" - decided to cheat. At the beginning of the game, Bernie realized that he would make the most money if he withheld his $10 while everyone else contributed to the cental pot. So Bernie kept his $10 while the other three players placed their $10 in the cental pot, making the total $30. This doubled for a total of $60, subsequently split four ways (remember, Bernie gets the proceeds of the group pot, whether or not he contributes), and each of the three contributors get $15. Bernie, meanwhile, makes out with $25 (his original $10, plus $15 from the split), more than any other players.

Now, let's say you get a chance to play the same game again with the same players (I give you all new $10 bills). How would you play this time? You don't want to be too trusting because you know that Bernie might defect again. So you only put in $4. It turns out that other three players feel the same way and make the sane decision, making the total in the group's pot $12 (Bernie again does not put in ant money). The pot doubles to $24, which is split evenly among four people. Each of the three contributing platers gets $6 (in addition to the $6 they kept for themselves), while Bernie winds up with $16 in total.

Now, your trust has been eroded. You play a few more games, but yoy don't put in any of your money. Each time you end up with the $10 you started with. You don't lose anything, but since you don't trust others to behave in a cooperative way (and neither do the other players), you don't gain anything either. In contrast, if you and the others had acted cooperatively, each of you would have wound up with as much as $20 per game.

Viewed this way, the Public Goods Game illustrates how we, as society, share the public good at trust. When we all cooperate, trust is high and total value to society is maximal. But distrust is infectious. When we see people defect by lying in their advertisements, proposing scams, etc., we start acting similarly; trust deteriorates, and everybody loses, including the individuals who initially gained from their selfish acts.
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I think Public Goods Game Theory is very relevant to Steemit environment in a way how community members interact with each other, share comments, up-votes, and experiences. With cooperation we build trust and ensure the success for all, while some taking advantage of others can lead to distrust and potential failure for all. Let me know what you think.

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Very true...we all need to cooperate and participate...

Here here. I've done posts where people have commented and said how good they thought it was etc, saying relevant stuff so they must have read it. Then have looked at the low number of upvotes and they haven't done it themselves. I think if you read a post, comment admiring the post, then upvote the post! Don't be all stindgey and just solely trying to get me to follow.

brilliant words, so true

Very good content. I do not say it often but when the quality is there, I say it

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