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Cards In This Set
| Front | Back |
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Actions:
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Range of options from which actor chooses
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TOutcomes:
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Possible results of its choices
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States of the world:
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All those things outside of state's control
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Actions are _____ and _______.
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Mutually exclusive and exaustive
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Mutually exclusive:
exaustive: |
Choosing one means you cannot choose the other
the set of available actions includes all possibilities |
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The list of actors preferences must be ___ and ___
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Complete-with every possible outcome
and transitive-if a is better than b, and b better than c, than a is better than c |
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Preferences are _____ _____
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Inherently unobservable
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Pocketful of preferences argument:
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We can assume that everyone would prefer policies that will make you personally wealthier
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Ex ante
Ex post |
Analysis before the fact (more difficult)
analysis after the fact |
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There are sometimes different ____ between goods when states value each to different degrees
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Tradeoffs
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Guns versus butter tradeoff
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Civilian goods versus better military and security
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War is often hinged on a leader's _________.
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Willingness to take risks
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An example of wilingness to take risks:
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JApans decision to go to war with the United states in 1941. US want them out of china, and puts embargo on oil and steel exports. US military much better, knew would loose, but benefits of winning worth it.
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Discount factors:
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Represents how much actor reduces future value compared to value now.
(aproach of elections has effect) |
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States assume other actors are different ____.
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Types
(such as resolute or irresolute) |
