PUP final exam questions & answers
2025/2026
𝐸𝑈=∑𝑤(𝑝𝑖)𝑣(𝑥𝑖)𝑛𝑖=1 - ANSWERSv and w prospect theory formula
Social factors, like attaining social prestige or social disapproval, and emotional rewards are
benefits and costs just like material rewards and punishments. What are these rewards called? -
ANSWERSsocial rewards
An individual can choose to receive a guaranteed $5 or take a 50% chance of receiving either
$12 or $0. The individual who chooses the guaranteed $5 is said to be - ANSWERSrisk averse
the value an individual could have received but gave up to pursue another option. -
ANSWERSOpportunity Cost
To reduce crime, the ____ advocates targeting minor offenses. - ANSWERSBroken Windows
Theory
Goelzhauser (2012) finds that states in which judges are elected have ____ capital punishment
convictions than states without judicial elections. - ANSWERSmore
Why has public support for the death penalty been diminishing? - ANSWERSGrowing awareness
of errors in convictions.
What calculates the probability of an outcome multiplied by the utility of an outcome summed
across all possible outcomes of a choice? - ANSWERSExpected utility
2025/2026
𝐸𝑈=∑𝑤(𝑝𝑖)𝑣(𝑥𝑖)𝑛𝑖=1 - ANSWERSv and w prospect theory formula
Social factors, like attaining social prestige or social disapproval, and emotional rewards are
benefits and costs just like material rewards and punishments. What are these rewards called? -
ANSWERSsocial rewards
An individual can choose to receive a guaranteed $5 or take a 50% chance of receiving either
$12 or $0. The individual who chooses the guaranteed $5 is said to be - ANSWERSrisk averse
the value an individual could have received but gave up to pursue another option. -
ANSWERSOpportunity Cost
To reduce crime, the ____ advocates targeting minor offenses. - ANSWERSBroken Windows
Theory
Goelzhauser (2012) finds that states in which judges are elected have ____ capital punishment
convictions than states without judicial elections. - ANSWERSmore
Why has public support for the death penalty been diminishing? - ANSWERSGrowing awareness
of errors in convictions.
What calculates the probability of an outcome multiplied by the utility of an outcome summed
across all possible outcomes of a choice? - ANSWERSExpected utility
