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Mathematical Models of Political Behavior

Mathematical Models of Political Behavior Quiz

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Questions

Question 1 Multiple Choice (Single Answer)

Which of the following is a common assumption in mathematical models of political behavior?

  1. Voters are rational actors.
  2. Political parties are always ideologically opposed.
  3. Elections are always fair and democratic.
  4. The media has no influence on political outcomes.
Question 2 Multiple Choice (Single Answer)

Which of the following is a type of mathematical model used to study political behavior?

  1. Game theory
  2. Social choice theory
  3. Bayesian statistics
  4. Econometrics
Question 3 Multiple Choice (Single Answer)

What is the Nash equilibrium in a game theory model of political behavior?

  1. The set of strategies that maximizes the payoff for each player.
  2. The set of strategies that minimizes the payoff for each player.
  3. The set of strategies that results in a tie.
  4. The set of strategies that is most likely to occur.
Question 4 Multiple Choice (Single Answer)

What is the Condorcet paradox?

  1. A paradox that arises when a majority of voters prefer one candidate over another, but the other candidate wins the election.
  2. A paradox that arises when a majority of voters prefer one policy over another, but the other policy is enacted.
  3. A paradox that arises when a majority of voters prefer one party over another, but the other party wins the election.
  4. A paradox that arises when a majority of voters prefer one candidate over another, but the other candidate wins the popular vote.
Question 5 Multiple Choice (Single Answer)

What is the Arrow's impossibility theorem?

  1. A theorem that states that it is impossible to design a voting system that is fair, democratic, and efficient.
  2. A theorem that states that it is impossible to design a voting system that is fair, democratic, and representative.
  3. A theorem that states that it is impossible to design a voting system that is fair, democratic, and accountable.
  4. A theorem that states that it is impossible to design a voting system that is fair, democratic, and transparent.
Question 6 Multiple Choice (Single Answer)

What is the median voter theorem?

  1. A theorem that states that the outcome of an election will be the policy that is preferred by the median voter.
  2. A theorem that states that the outcome of an election will be the policy that is preferred by the majority of voters.
  3. A theorem that states that the outcome of an election will be the policy that is preferred by the plurality of voters.
  4. A theorem that states that the outcome of an election will be the policy that is preferred by the most extreme voters.
Question 7 Multiple Choice (Single Answer)

What is the Downs model of electoral competition?

  1. A model that predicts that candidates will converge on the median voter's position in order to win elections.
  2. A model that predicts that candidates will diverge from the median voter's position in order to win elections.
  3. A model that predicts that candidates will ignore the median voter's position and focus on their own policy preferences.
  4. A model that predicts that candidates will adopt extreme positions in order to win elections.
Question 8 Multiple Choice (Single Answer)

What is the Hotelling model of spatial competition?

  1. A model that predicts that firms will locate themselves at the median consumer's location in order to maximize profits.
  2. A model that predicts that firms will locate themselves at the most extreme locations in order to maximize profits.
  3. A model that predicts that firms will locate themselves at random locations in order to maximize profits.
  4. A model that predicts that firms will locate themselves at the locations that are most convenient for their employees.
Question 9 Multiple Choice (Single Answer)

What is the Black-Scholes model of option pricing?

  1. A model that predicts the price of an option based on the price of the underlying asset, the strike price, the time to expiration, and the volatility of the underlying asset.
  2. A model that predicts the price of an option based on the price of the underlying asset, the strike price, and the time to expiration.
  3. A model that predicts the price of an option based on the price of the underlying asset and the strike price.
  4. A model that predicts the price of an option based on the price of the underlying asset.
Question 10 Multiple Choice (Single Answer)

What is the Prisoner's Dilemma?

  1. A game theory model in which two players are better off cooperating with each other, but each player has an incentive to defect.
  2. A game theory model in which two players are better off defecting from each other, but each player has an incentive to cooperate.
  3. A game theory model in which two players are indifferent between cooperating and defecting.
  4. A game theory model in which two players are always better off cooperating with each other.
Question 11 Multiple Choice (Single Answer)

What is the Tragedy of the Commons?

  1. A situation in which individuals acting in their own self-interest deplete a shared resource.
  2. A situation in which individuals acting in their own self-interest create a public good.
  3. A situation in which individuals acting in their own self-interest create a negative externality.
  4. A situation in which individuals acting in their own self-interest create a positive externality.
Question 12 Multiple Choice (Single Answer)

What is the Public Choice Theory?

  1. A theory that applies economic principles to the study of political behavior.
  2. A theory that applies political principles to the study of economic behavior.
  3. A theory that applies psychological principles to the study of political behavior.
  4. A theory that applies sociological principles to the study of political behavior.
Question 13 Multiple Choice (Single Answer)

What is the Rational Choice Theory?

  1. A theory that assumes that individuals make decisions based on a rational calculation of costs and benefits.
  2. A theory that assumes that individuals make decisions based on their emotions.
  3. A theory that assumes that individuals make decisions based on their social norms.
  4. A theory that assumes that individuals make decisions based on their cultural values.
Question 14 Multiple Choice (Single Answer)

What is the Prospect Theory?

  1. A theory that describes how individuals make decisions under uncertainty.
  2. A theory that describes how individuals make decisions under certainty.
  3. A theory that describes how individuals make decisions based on their emotions.
  4. A theory that describes how individuals make decisions based on their social norms.
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