Exam 2: Lecture 1

Question 1

Why is cost benefit analysis short-sighted?

Answer 1

It puts price tags on environmental features, which aren’t reflective of their actual value

Question 2

In Paul Guilding’s Ted Talk he said…

Answer 2

The world is full. Our economy currently operates in a function that requires 1.5 Earths to be sustainable
Economic growth cannot be infinite in a finite world.

Physics doesn’t care about our comfort. There are limits to expansion.

Question 3

What was the Take home message of Paul Guilding’s Ted Talk?

Answer 3

Economic distress is a signal that our self-interested value system is breaking. A dim future is on the way.

Question 4

Self-interest is

Answer 4

the result of the question, “What should I do”

–I should do whatever is best for me as informed by reason–

Question 5

Prisoner’s Dilemma

Answer 5

2 year sentence vs. 10 year sentence
………………………..You talk……………You dont
He talk………………….3………………………..4
He doesn’t…………….1…………………………2

Question 6

Narcos example

Answer 6

Prisoner’s dilemma’s are usually catch-22. Whether you talk or not, people always go after your family.

Question 7

Princess Bride Example

Answer 7

Both cups are poisoned with iocane powder.

Both options lead to misery

Question 8

Why even care about ethics?

Answer 8

Moral Skeptic’s Dilemma