Exam #1 Review - Public Administration Exam#1 Review...

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Public Administration Exam #1 Review Multiple Choice Questions Principal-Agent Problem – The principal hires an agent to behave on their behalf but the problem arises in adverse selection (when principals cannot directly observe agents when they select them—ex: mechanic) and moral hazard (agents can’t be easily evaluated and principals must make inferences on performance— ex: school board and teacher evals) Satisficing – the tendency to select the first option that meets a given need or select the option that seems to address the most needs rather than the “optimal” solution; meets criteria for adequacy rather than optimal Group Think – groups seek conformity and unity they sacrifice everything in order to maintain peace within the group, causing poor decision-making; Symptoms include 1. Overestimations of the group’s power and morality (illusion of invulnerability, unquestioned belief in group’s inherent morality) 2. Closed- mindedness (collective efforts to rationalize in order to discount warnings, stereotyped views of the opposition) 3. Pressure toward uniformity (self-
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This note was uploaded on 04/28/2008 for the course POLI SCI 444 taught by Professor Yackee during the Fall '07 term at University of Wisconsin.

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Exam #1 Review - Public Administration Exam#1 Review...

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