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SEPTEMBER 14 NOTES - decisions 3 What is the role of...

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American Culture (Cont.) 1. The Prisoners Dilemma Game a. Nash Equilibrium choice – Confess, Confess: 20, 20 a.i. Nash equilibria – sets of strategies for players in a noncooperative game such that no single one of them would be better off switching strategies unless others did. b. Pareto optimal choice – Hold out, Hold Out: 5, 5 b.i. An allocation of goods to individuals is Pareto optimal if no other allocation of the same goods would be preferred by every individual. b.ii. Optimal choice that would make everyone better off and not hurt anyone else 2. What is politics? a. Politics: the authoritative allocation of values b. (Patterson 1) Politics: the process through which a society settles its conflicts c. (Patterson 2) Politics: the process through which society makes its governing
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Unformatted text preview: decisions 3. What is the role of rational self-interest in politics? 4. Public Goods a. Goods that are collectively produced and (freely) available to anyone’s consumption a.i. Ex. National defense Public education Excludable public goods Non excludable public goods 5. Patterson a. Liberty a.i. (-) freedom as something an individual has as a right, but is constantly under threat from outside forces, especially the state. a.ii. (+) positive liberty is a freedom to do or achieve something. It requires both freedom to do and the opportunity, money, political power, family support, or whatever that is needed to accomplish these ends. b. Self-government c. Equality d. Individualism e. Diversity f. Unity...
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