PUP-3002 Study Guide - Midterm Guide: Voting Paradox, Pigovian Tax, Nash Equilibrium
19 Feb 2020
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Mean and standard deviation (95% distribution curve***) Understand how a mean and sd relate to one another. Larger sd gets, more distribution will flatten out. Bureaucracy chapter (2 keys): general flow of how public policy gets made, principal. -->the notions of causality that come to mind in these disciplines mostly involve deterministic relationships - that is, relationships such that if some cause occurs, than the effect will occur with certainty. In contrast, though, the world of human interactions consists of probabilistic relationships - such that increases in x are associated with increases(or decreases) in the probability of y occurring, but those probabilities are not certainties. Ex. physical laws like newton"s laws of motion are deterministic. Social sciences more closely resemble probabilistic causation like that in darwin"s theory of natural selection where random mutations make an organism more or less fit to survive.
