Rational actors - Study guides, Class notes & Summaries

rational decision making Traditional economic theory that people are rational actors rational choice/public choice people act based on their self interest what does it mean to be a rational actor? You are able to rank, order your preferences based on the expected utility of each option. These rank ordered preferences are stable and transitive. Having perfect information about all alternative possibilities. Maximize your utility pure rationality requires person to have...

Ultimate List CMY3701 Marking Scheme 100% Correct AGGRAVATING CIRCUMSTANCES - Answer- are those circumstances that cause the offender to be punished more severely than they would normally be for a specific crime. For example, conviction for the rape of a child would warrant a more serious punishment than rape of an adult, because society views a child as more vulnerable and helpless (Hunter & Dantzker, 2002:3±32). CLASSICAL CRIMINOLOGY - Answer- as an approach to studying crime emphasise...

Ultimate List CMY3701 Marking Scheme AGGRAVATING CIRCUMSTANCES - ANSWER-are those circumstances that cause the offender to be punished more severely than they would normally be for a specific crime. For example, conviction for the rape of a child would warrant a more serious punishment than rape of an adult, because society views a child as more vulnerable and helpless (Hunter & Dantzker, 2002:3±32). CLASSICAL CRIMINOLOGY - ANSWER-as an approach to studying crime emphasises the importanc...

Anarchy correct answers Anti-authoritarian political philosophy that reject hierarchies deemed unjust and advocates their replacement with self-managed, self-governed societies based on voluntary, cooperative institutions. Security Dilemma correct answers A situation in which actions taken by a state to increase its own security cause reactions from other states. Collective Action Problem correct answers A situation in which the members of a group would benefit by working together to produ...

Hans Morgenthu - Answer-founder of classical realism Kenneth Waltz - Answer-founder of structural realism aka neo-realism Woodrow wilson - Answer-Architect of American Idealism (liberalism) -spread of democracy - states are sovereign - alliances (League of Nations) Otto Von Bismark - Answer-WWI started alliance to stabilize and secure Germany heightens already eminent security dilemma in Europe Mearsheimer - Answer-we live in anarchy the great powers will possess offensive military ca...

Ultimate List CMY3701 Marking Scheme 100% Correct AGGRAVATING CIRCUMSTANCES - Answer- are those circumstances that cause the offender to be punished more severely than they would normally be for a specific crime. For example, conviction for the rape of a child would warrant a more serious punishment than rape of an adult, because society views a child as more vulnerable and helpless (Hunter & Dantzker, 2002:3±32). CLASSICAL CRIMINOLOGY - Answer- as an approach to studying crime emphasise...

Origins of classical Criminology - ANSWER--Emerged from a movement to bring social reform in Europe in the 18th and 19th century -Cesare Beccaria & Jeremy Bentham Intro to classical criminology: Key arguments - ANSWER--Humans are rational, utility-maximizing actors who take possible costs of crime into account when making decision whether to commit crime Intro to classical criminology: Propositions - ANSWER--People are subjects more than they are objects -There are no fundamental differ...

Anna was having trouble sleeping, often waking up in the middle of the night and being unable to go back to sleep. She had been under a lot of stress at work, and figured that stress must be the cause. She consulted a self-help book that said that drinking herbal tea was an effective method of stress relief. She began drinking one cup of herbal tea every night at 7pm. She noticed after a few days that she stopped waking up in the middle of the night. Which method of knowing has Anna not employed...

Econ 103 Exam 1 Questions and Answers 1 Economics - ANSWER-The study of mankind in the ordinary business of life (Alfred Marshall) What is scarcity caused by? - ANSWER-Human wants being unlimited but resources being limited Opportunity Cost - ANSWER-The value of what we give up when we make a choice (Explicit Cost + Implicit Costs) (money + another cost of something like time) marginal benefit - ANSWER-the extra benefit of adding one unit marginal cost - ANSWER-Extra cost of produci...

market failure - correct answer a situation in which a market left on its own fails to allocate resources efficiently economics - correct answer the study of how society manages its scarce resources incentive - correct answer something that induces a person to act productivity - correct answer the quantity of goods and services produce from each unit of labor input opportunity cost - correct answer whatever must be given up to obtain some item externality - correct answer the impact of one perso...