What is individually rational can be collectively suicidal

It can be perfectly sensible for any particular couple to have only one child. But when all the couples in an entire culture does so, that culture is going extinct. If the practice continues, in twenty generations a city of a million people will only have one person left in it.

Comments

Popular posts from this blog

Libertarians, My Libertarians!

"Machine Learning"

"Pre-Galilean" Foolishness