Quiz 4

Ted accidentally made an extra blog post announcing the quiz.     Derp.

Both blog posts work.

Look at this one or the next-- your choice.

You are free to use your notes and discuss questions with your classmates.  However, you must write your own answers.  Avoid the carbonite!

Type your answers on Google Docs or Microsoft word before you submit them. 

Once they are all written, then open the quiz and copy and paste them into the following Google Form. SUBMIT ONLY ONCE. 

The ideal answers are logically complete but short and succinct.  Make sure you use your own examples (not the ones from lecture).

CLICK THIS LINK WHEN YOU ARE READY TO UPLOAD YOUR ANSWERS:


https://spreadsheets.google.com/viewform?formkey=dGRRVHQxc0lmSHRmQzF5cm8yWWhtZlE6MQ


Question 1 *
Identify the best strategies for sampling, and state why they are the better than other sampling methods. What are the differences between these methods?


Question 2a *
Define the concept of the Tragedy of the Commons by explaining how the key conditions lead to the tragedy.


Question 2b *
Now use one example from YOUR PERSONAL LIFE how the this concept of the Tragedy of Commons impacts you.


Question 3 *
Explain how pre-existing ties can affect a person’s decision to join and stay in a group. Discuss an example from your life that demonstrates the power of pre-existing ties.


Question 4 *
The principal-agent problem arises when one party needs to entrust resources or responsibilities to another (agent) when there is a potential for the agent to act against the interests of the principal. Give an example of this problem and explain 3 strategies for controlling the agent.