The "Going to ????" Problem
March 1, 2014 2:27 AM Subscribe
Have you ever heard of a problem in economics called something like "Going to Cleveland"? I read about it years ago, maybe even here, but I can't find it anywhere now. As I remember it, it involves a group of people who are making plans to drive somewhere, but each of those people would secretly prefer not to go. Since they don't reveal their preferences to each other, though, they each assume that the others would rather go, and so they agree that they will too. The result is a suboptimal outcome for everybody. Am I making this up? Or does this really have a name and a full explanation?
posted by derrinyet to Grab Bag (4 answers total) 8 users marked this as a favorite