Multisolving

By Katy Swain, 4 July, 2024

I've long been astonished by a particularly irrational form of loss aversion that I've taken to calling "Zero-sum NIMBYism". Here's how it works:

A lifetime ago, I was living in a little seaside village which had an annual festival day that the local chamber of commerce would put on. Every year, the chamber would arrange to close the main street, invite stallholders, entertainers, and so on, and a lovely time would be had by all. Visitors would come from all over the country (in the off season!), and cars would be parked all along the streets for anywhere up to a kilometre. A day wandering up and down the street in the sunshine, snacking and drinking; what's not to like?

And every year, the owner of the local surf shop, plus one or two similarly entitled misers, would complain bitterly about the cost to the chamber of organising the thing, and the loss of on-street car parking directly outside his shop.