"Since it is in the interest of fishers as a group not to over-exploit the stock of fish,conservation of fish stocks is not a problem." What is wrong with this statement?

Question

Quizplus · Accepted Answer

This statement assumes that all fishers will act in the best interest of the group, which may not always be the case. Rational behavior would suggest that a fisher may choose to over-exploit the stock of fish to maximize their own individual profits, even if it harms the collective interest of all fishers in the long run. Therefore, conservation practices are rational only if all fishers practice them.

"Since It Is in the Interest of Fishers as a Group