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1)Consider the model of Tversky and Kahneman developed in class

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1)Consider the model of Tversky and Kahneman developed in class. Let three dimensions of choice be mug (M), candy (C), and money (m), and the reference dependent utility be U (C) = 30(cm - Tm) + 2v(cc – rc)+ G - Tm, where v(x) = x for r > 0, and v(I) = 2x for 2

2)What are the key differences between a representative democracy and a direct democracy, and where do we see examples of each in the American political system?

3)Consider the definition of public goods introduced in the chapter, is a bus a public good? Is an automatic teller machine (ATM)? Is a public park? What do you think of our government's order to close all the public parks not the access to a public bus?

4)What might the Federalists and Anti-Federalists think of the state of American federalism in 2020?