What Happened.ppt

What Happened? ? Winners strategy ? Optimal individual strategy ? Optimal group strategy ? Resource behavior Summary of Company Performance Summary of Game Behavior Typical Game Behavior Typical Game Behavior – Fleet Typical Game Behavior – Catch Typical Game Behavior – Fish Population Aggressive Strategies “Purchase many boats until average fish productivity starts to decline. When fish productivity goes down, fish other areas.” “Increase fleet size as long as yields are stable.” “We will continue to add at least 1 ship per year. We will fish in both the deep sea and coast depending on fish supplies…” “We have acted on an impulse that things will be good for a few more years. Probably will keep our fleet at or around this size [16 boats].” Conservative Strategies “We want to keep our fleet at this constant level and disperse it so as not to deplete fish resources in the deep sea and coast. “ “Buy conservatively, out of necessity, and keep our bank balance positive.“ “Obtain a stable fleet size [and] move fleet around to follow fish population densities. Sell off some of fleet as time goes on.” Does fish depletion happen in real life? ? Pacific Sardine ? Peruvian Anchovy ? North Sea Herring ? Atlantic Swordfish ? Atlantic Cod Pacific Sardine Catch Peruvian Herring, Anchovy and Sardine Catch North Sea Herring Catch Atlantic Swordfish Catch Atlantic Cod Catch Principal Global Oceanic Fisheries Total World Fish Catch How The World’s Fish Are Caught Currently there are some 13 million fishers in the world. Twelve million use simple traditional technologies to land about half the world’s fish catch. The remaining one million fishers crew 37,000 industrial fishing vessels and account for the other half of the fish caught. These fishers deploy highly sophisticated contrivances ranging from sonar and spotting planes to fishing nets large enough to swallow twelve 747 jumbo jets. The World’s Fisheries – Anarchy “The emerging anarchy in the oceans” is how one Unit