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Pub Aff 30 Midterm Exam with right solutions

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Purpose of Normative Frameworks - answersClarify norms/trade-offs Consequentialism - answersConsequence-based; if it leads to good outcome, right thing to do Utilitarianism - answersExample of consequentialism, based on hedonism (more pleasure), welfarism (aggregate welfare) Deontology - answersAssesses policy not on its consequences, but moral Kant's categorical imperative formulations - answers1) For moral, have to be willing to make the act universal; 2) Never treat another person's morality as means to an end LIbertarianism - answersEvaluates policy based on self-ownership, implying we own our own bodies Causal inference - answersWhat would happen if policy Statistical inference - answersDescriptive or predictive Counterfactual - answersWhat would happen in the absence of a program Game theory - answersStategic interaction that assumes interdependence; components are 1) Actors, 2) Information, 3) Stategies, 4) Sequence, 5) Payoffs, in normal (matrix) or extensive form Nash equilibrium - answersNo player can change how they're doing Pareto Optimality - answersPolicy pareto dominates if it benefits without hurting anyone, efficient if no other policy dominates it Three social dilemnas - answers1) Externalities, 2) Coordination problems, 3) Committment problems Externality - answersSpillover effect on the welfare of others Public goods - answersNon-excludable, non-rivalrous Commons - answersRivalrous, non-excludable

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Pub Aff 30 Midterm Exam with right
solutions

Purpose of Normative Frameworks - answersClarify norms/trade-offs

Consequentialism - answersConsequence-based; if it leads to good outcome, right thing
to do

Utilitarianism - answersExample of consequentialism, based on hedonism (more
pleasure), welfarism (aggregate welfare)

Deontology - answersAssesses policy not on its consequences, but moral

Kant's categorical imperative formulations - answers1) For moral, have to be willing to
make the act universal; 2) Never treat another person's morality as means to an end

LIbertarianism - answersEvaluates policy based on self-ownership, implying we own our
own bodies

Causal inference - answersWhat would happen if policy

Statistical inference - answersDescriptive or predictive

Counterfactual - answersWhat would happen in the absence of a program

Game theory - answersStategic interaction that assumes interdependence; components
are 1) Actors, 2) Information, 3) Stategies, 4) Sequence, 5) Payoffs, in normal (matrix)
or extensive form

Nash equilibrium - answersNo player can change how they're doing

Pareto Optimality - answersPolicy pareto dominates if it benefits without hurting anyone,
efficient if no other policy dominates it

Three social dilemnas - answers1) Externalities, 2) Coordination problems, 3)
Committment problems

Externality - answersSpillover effect on the welfare of others

Public goods - answersNon-excludable, non-rivalrous

Commons - answersRivalrous, non-excludable

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