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What would you propose a parent maximizes if you want to analyze what a parent does with respect to their child? Give two examples of
- What would you propose a parent maximizes if you want to analyze what a parent does with respect to their child?
- Give two examples of actions by parents that you would expect to observe if they do maximize what you stated in (1) above. Explain in short.
- Give an example of an action by a parent that would be evidence that the parent does not maximize what you stated in (1) above. That may be counterfactual (that is, something you think parents would not do, but if they did, you would doubt their maximization motive). Explain in short.
- In an old (for you) song A Boy Named Sue (you can find best renditions, and with closed captioning if you prefer, by Johnny Cash on Youtube; just search "johnny cash boy named sue"), a boy tells a story about his dad who named him Sue before he left the family. The boy was convinced that his dad wanted to make his son's life miserable (just the opposite to maximizing the kid's wellbeing), but when he met his dad later in life, the old man explained his reasoning how he really tried to make the son's life better by giving him a 'weird' name. This may be a bit more challenging, but try to make up reasoning how the actions by a parent you described in (3) above may actually be compatible with the parent maximizing what you stated in (1) above.
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