Spea v185 exam 2 Study guides, Class notes & Summaries
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SPEA V185 Exam 2 Questions and Answers(A+ Solution guide)
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Rational Choice/Public Choice - The application of economic assumptions about rationality and 
self-interest to the study of political behavior 
What does it mean to be a rational actor - -based on the expected utility of each option. 
-These rank-ordered preferences are stable and transitive 
-You analyze all the possible alternatives and know which alternatives will work the best 
the rational comprehensive model - -Requires them to have complete information and the 
capacity to process this i...
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SPEA V185 Exam 2 With Complete Solutions.
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SPEA V185 Exam 2 With Complete Solutions.
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SPEA V185 Exam 2 2023 with 100% correct answers
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What is prospect theory and loss aversion? 
- Models built on assumptions of rational behavior assumes that actors make decisions based on maximizing wealth or utility 
- In reality, however, people approach outcomes relative to some reference point (or current state) 
- Most importantly, people respond differently to perceived losses than to perceived gains 
o Losses are often weighted between 2 and 3 times as heavily as logically equivalent gains 
o Losing $10 hurts about as much as winning $2...
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SPEA v185 exam 2 2023 with 100% correct answers
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consequences of groupthink 
1. fail to adequately determine objectives and alternatives 
2. don't adequately access the risks associated with group decisions 
3. fail to cycle through discarded alternatives to reexamine their worth after a majority of the group discarded the alternative 
4. select and use only information that supports their position and conclusion 
5. don't make contingency plans in case decision and resulting actions fail 
 
 
 
how our government works 
- citizens elect rep...
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SPEA v185 Exam 2 2023 with 100% correct answers
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System I 
Thinking is fast, emotional, and heuristic-based 
 
 
 
System II 
thinking is slow, rational, deliberate, and logical 
 
 
 
Prospect Theory/Loss Aversion 
avoiding losses is more important than achieving comparable gains, tend to choose the option that help to avoid losses or risks 
 
 
 
Confirmation Bias 
A tendency of decision-makers to disproportionately incorporate information based on their initial preferences and predispositions. In other words, they tend to only internalize t...
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SPEA V185 Exam 2 Questions and Complete verified Solutions.
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