What Is the Purpose of the Robin Hood Example in Chapter

question 67

Multiple Choice

What is the purpose of the Robin Hood example in Chapter 11?

• A) To test whether rule utilitarianism avoids the surprising implications of act utilitarianism.
• B) To contrast rule utilitarianism's explanation of the wrongness of robbery with Rossian deontology's explanation.
• C) To illustrate that actions that seem to maximize happiness in the short run can violate a rule whose widespread acceptance is crucial to maximizing happiness in the long run.
• D) To prove that act utilitarianism is superior to rule utilitarianism because rule utilitarianism would incorrectly prohibit Robin Hood from robbing the rich to give to the poor.

Understand Rawls's principles of justice and their implications for wealth and income distribution.

Recognize the importance of the family unit and its early role in moral development according to Rawls.

Identify the stages of moral development as outlined by Rawls.

Analyze the egalitarian nature of the difference principle and its restrictions on inequality.

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Definitions:

Market Return

The total return on investment, including dividends and capital gains, from holding a market portfolio.

Nondiversifiable Risk

A type of risk that affects all investments across the market and cannot be eliminated through diversification.

Diversifiable Risk

A type of investment risk that can be reduced or eliminated in a portfolio through diversification, as it is not correlated with market movements.

Risk Premium

The extra return expected by an investor for holding a risky asset, over and above the risk-free rate.