Implications
The name of the game comes from economist’s definition of a “public good”. One type of public good is a costly, "non-excludable" project that every one can benefit from, regardless of how much they contribute to create it (because no one can be excluded from using it - like street lighting). Part of the economic theory of public goods is that they would be under-provided (at a rate lower than the ‘social optimum’) because individuals had no private motive to contribute (the free rider problem). The “public goods game” is designed to test this belief and connected theories of social behaviour.
Read more about this topic: Public Goods Game
Famous quotes containing the word implications:
“The power to guess the unseen from the seen, to trace the implications of things, to judge the whole piece by the pattern, the condition of feeling life in general so completely that you are well on your way to knowing any particular corner of it—this cluster of gifts may almost be said to constitute experience.”
—Henry James (1843–1916)
“Philosophical questions are not by their nature insoluble. They are, indeed, radically different from scientific questions, because they concern the implications and other interrelations of ideas, not the order of physical events; their answers are interpretations instead of factual reports, and their function is to increase not our knowledge of nature, but our understanding of what we know.”
—Susanne K. Langer (1895–1985)
“When it had long since outgrown his purely medical implications and become a world movement which penetrated into every field of science and every domain of the intellect: literature, the history of art, religion and prehistory; mythology, folklore, pedagogy, and what not.”
—Thomas Mann (1875–1955)