POLI 101 Midterm: Midterm 1 study guide
Document Summary
: purposeful action to achieve one"s preferences in accordance with their beliefs about how the world works. ++individuals can"t be wrong about preferences, can be wrong about beliefs. People carrying out actions to achieve a goal. ***something a group of actors or an actor is interested in pursuing**** Product of utility and likelihood of outcome based on actions and strategies. Expectations about how the world works (external constraints) S&b"s four components of institutions: division of labor and regular procedure, specialization of labor, jurisdictions, delegation and monitoring. North"s conception of institutions as rules of the game. Here institutions are not formal entities but humanly devised constraints on human behavior. Collective action problem: (causes, characteristics, solutions: explains why groups don"t succeed, def: it"s when a group fails to accomplish its goal because everyone is acting in his/her own self interest. Collective action can be solved sometimes by offering selective incentives to those who either do or don"t contribute: positive:
