practice%20problems%20social%20science%20tools%20answer%20key

Practice%20problems%20social%20science%20tools%20answer%20key

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POL 130 Practice Problems for Social Science Tools Solutions Expected Utility a) EU(vote to impose tariff) = (0.6)*(20) + (1-0.6)*(-10) = 12+ (-4) = 8 b) EU (vote against tariff) = (0.5)*(25) + (1-.5)*(-10) = 12.5+ (-5) = 7.5 c) The rational choice for this member of Congress of to vote to impose the tariff because his expected utility of voting to impose the tariff is greater than his
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Unformatted text preview: expected utility of voting against. Extensive Form Games a) (first game) Senate slightly increases foreign aid; the President does not veto b) (second game) Senate greatly increases foreign aid; the President does not veto...
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This note was uploaded on 02/06/2011 for the course POL 130 taught by Professor Simonelli during the Spring '08 term at Purdue University.

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