With larger and more expensive items that are used infrequently, like power tools and hiking gear, people often face a choice between buying one themselves or borrowing from a friend. Assuming that this choice solely comes down to cost, Ariel Procaccia and his colleagues at Carnegie Melon University in Pennsylvania wanted to see what outcome these individual decisions have on society as a whole. In their first simulation, people were able to borrow items for free from their friends. In a second scenario, the researchers allowed people to charge for lending out their items
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