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global warming and carbon emissions.
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Again, leaving aside the science,
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about which I'm sure some of you know more than me here,
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the issue of carbon emissions is a Prisoners' Dilemma.
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Each of us individually has an incentive to emit carbons as usual.
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If everyone else is cutting down I don't have too,
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and if everyone else does cut down I don't have to,
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I end up using hot water and driving a big car and so on.
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In each of these cases we end up with a bad outcome,
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so this is socially important.
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This is not just some abstract thing going on in a class in Yale.
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We need to think about solutions to this,