The Tragedy of the Commons Occurs Because

question 351

Multiple Choice

The Tragedy of the Commons occurs because

• A)government property is most heavily used by the wealthy.
• B)everyone deserves an equal share of government property.
• C)social and private incentives differ.
• D)established property rights create competition.

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Definitions:

Significance Level

A statistic representing the probability of committing a Type I error, typically denoted by alpha (α), indicating how likely it is to find a result as extreme as, or more so, if the null hypothesis is true.

P < .05

A statistical notation indicating that the probability of the observed results occurring by chance is less than 5%.

Effect Size

A quantitative measure of the strength of a phenomenon, often used to determine the practical significance of research findings.

Cohen

Refers to statistical measures developed by Jacob Cohen to quantify the effect size or the strength of an observed phenomenon, such as Cohen's d.