Spea v 185 exam - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Spea v 185 exam? On this page you'll find 4 study documents about Spea v 185 exam.
All 4 results
Sort by
-
SPEA-V 185 EXAM PACKAGE DEAL GRADED A+
- Package deal • 6 items • 2023
-
- $17.49
- + learn more
SPEA-V 185 EXAM PACKAGE DEAL GRADED A+
-
SPEA-V 185 EXAM 1 2024/2025
- Exam (elaborations) • 8 pages • 2024
-
- $16.49
- + learn more
Theory - Precise Answer some basic understanding of things that helps us simplify and explain complex relationships 
 
Operationalization - Precise Answer how to turn abstract concepts into something tangible/ meaningful 
 
observation - Precise Answer how to measure 
 
analysis - Precise Answer how to demonstrate causality or pattern, ex. when trying to solve different policy problems 
 
dependent variable - Precise Answer a factor, event, or outcome that we want to explain 
 
independent varia...
-
SPEA-V 185 Exam 2 2023 with 100% correct answers
- Exam (elaborations) • 16 pages • 2023
-
- $16.49
- + learn more
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...
-
Spea v-185 Exam 2 2023 with 100% correct answers
- Exam (elaborations) • 7 pages • 2023
-
- $17.49
- + learn more
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. You are also able to analyze all the possible alternatives and know which alternatives will work the best. These rank-ordered preferences are stable and transitive. 
 
 
 
What is bounded rationality and how does it differ from pure rationality? 
-Bounded rationality is a response to some problems with the comprehensively rational model, people don't have the capa...
Make study stress less painful
Study stress? For sellers on Stuvia, these are actually golden times. KA-CHING! Earn from your study resources too and start uploading now. Discover all about earning on Stuvia