Playing The Game Of Heating Systems. The Case Of Romania
Playing The Game Of Heating Systems. The Case Of Romania

Summary/Abstract: Although theoretically the individual decision of buying heating systems is expected to be an efficient choice, the problem of social sub-optimality must be considered. This article models and empirically investigates, from the point of view of game theory and rational choice perspective, the distinction between individual and collective action, how the former can cause the failure of the latter. Individuals still choose to buy individual heating systems without being aware that a better solution is the investment in the modernization of centralized heating systems.

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