In class Tuesday we discussed social production and the price of failure.
Failure is normally very expensive.
Now we can produce things quickly and share them with others to improve quality. We can produce things like blogs or videos and share them with others, using collaborative resources to improve them.
Failure for free has little consequence: If you make a bad blog, no one will see it (probably), and you can just make a new one. If you make a bad YouTube video, you can upload many many more. Failure for free is a luxury not commonly experienced.
Stable economies and decent job prospects are two of the most important public goods that states provide. The linked article suggests that widespread frustration with crappy economic opportunity is a major source of unrest among young people in many Mideast countries.
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:
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.
This quiz includes topics from both week 3 and week 4.
IMPORTANT NOTE, many students have lost a considerable number of points because they have failed to answer all the parts of the question.
If the question calls for an example AND a definition please make sure you put both in.
Otherwise you will only receive half credit, at BEST.
We hate having to give half credit to people who answer correctly on one half of the question!!
The answers need to be in your own words, if we find peoples answers are too similar, you will loose not only this quiz grade but ALL your previous quiz grades! That's a LOT of Zeros.
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 to show how this concept of the Tragedy of Commons impacts you.
Question 3:
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.
