Writing_II - • P 2 – Value • V 1 – • V 2 – •...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
PLS 200 Prof. Charles W. Ostrom, Jr. INTRODUCTION TO POLITICAL SCIENCE Due: 3 November 2003 Writing Assignment #2 Part I. 1. Identify a policy or political issue involving choice involving two alternatives made under uncertainty. Write a paragraph providing a short description of the decision involved. Part II: You must provide the following information (assuming that you have two alternatives each of which has two possible outcomes) Alternatives A 1 A 2 Outcomes O 1 O 2 O 3 O 4 Probabilities P 1
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: • P 2 – Value • V 1 – • V 2 – • V 3 – • V 4 – 2. Using the above information construct a decision tree for the A1 and A2 that includes probabilities, outcomes, and value. 3. Derive the expected value calculation that a rational student will go through in making the decision to attend class. Part III – Write a paragraph discussing the ways in which the expected value model in Part II makes it possible to explain and understand the decision you introduced in Part I....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online