Example in which a unanimity rule might be a good option for
making a group decision....
Example in which a unanimity rule might be a good option for
making a group decision. Then, try to think of how unanimity rule
might violate one or more of the six desirable features?what is six
desirable features? (public economic)
Explain Buchanan and Tullock's optimal decision rule model. Give
examples of cases where rules near unanimity are optimal, where
rules far from unanimity are optimal, and when it is optimal to not
decide collectively.
Give a real world example (or be creative and make one up) in which
a unanimity rule might be a good option for making a group
decision. (Be sure to explain why you think so - this won't rely on
economic logic per se, but you should still state your reason).
Then, try to think of how your unanimity rule might violate one or
more of the six desirable features. (You must explain how it
violates at least one of...
1. What is a good decision?2. What are the basic rules for good decision making?
explain3. What are ways in which information is gathered when making a
good decision?4. What are ways in which the information is used once it is
gathered?
Which of the following is a good example for a price floor?
Group of answer choices
Minimum Wages
Maximum Prices on Gasoline in Venezuela
Rent control in New York City
A limit price when buying stocks
there are six conditions that predict conformity,
describe each one which are, group size, unanimity, cohesion,
status, public response, and prior commitment? how would you apply
each of the six conditions if you were the person in charge of an
ad campaign for increasing enrollment for a college?
As you reflect on the readings regarding group decision making,
which problems are you most familiar with in your own experiences
with making group decisions? What ideas have you gathered that will
help reduce these group decision-making struggles in the future?
Have you experienced groupthink? In your experience, what were the
causes of this groupthink dynamic, and how would you prevent this
specifically in your future group experiences?
Find an example of a good and an example of a bad
location decision. Present each scenario, and discuss the
implications of these location decisions (both good and bad) on the
business.