Tragedy of commons

Definition
The Tragedy of commons is

"[a] situation, first described in an influential article written by ecologist Garrett Hardin for the journal Science, in 1968, in which multiple individuals, acting independently, and solely and rationally consulting their own self-interest, will ultimately deplete a shared limited resource even when it is clear that it is not in anyone's long-term interest for this to happen. The term can be applied to any issue related to the management of a shared resource, from energy to the public domain, to cybersecurity."