Climate Treaty Negotiators Are Taking the Wrong Approach, Say Game Theorists
An anonymous reader writes "Climate treaty negotiators would do well to have a little chat with some game theorists, according to this article. The fundamental approach they've been taking for the last several years is flawed, these researchers say, and they can prove it. From the article: 'The scientists gave members of a 10-member group their country’s “treasure”: a 20-euro national savings account, plus a fund for spending on emissions reductions that consisted of 10 black chips worth 10 cents apiece and 10 red chips worth one euro apiece. Each person could then contribute any number of these chips to a common pool. The contributed chips represented greenhouse gas reduction strategies that were relatively inexpensive (black) or expensive (red). Players could communicate freely about their plans for how many chips they intended to contribute.'"
I think there is already quite enough gaming in the Climate Treaty discussion.
It was a geography class and we were supposed to be countries working together. If everyone in the group chose A, everyone got 1 point, but if anyone chose B, they got several points while everyone else lost points. If everyone chose B, everyone lost points. In only took a couple of rounds before we lost all trust for each other and always picked B, so at least you only lost the same as everyone else. Kind of sad that international politics is often so similar.
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If you actually did pay for yours, then no one would complain. The problem is when you dump all of your externalities on everyone else and expect them to pay for yours too.
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