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Answer the following prompts, one prompt per page(supplement materials attached below)
1. Coleman argues social theory should explain the micro (individual behavior) as a part of understanding the macro (aggregations of individual behavior). His famous “boat” presents a model for doing this. Try to provide an example of a micro (individual level) explanation for a phenomenon observed at the macro level. This is a challenging task, so don’t stress it too much.
2. Behavioral economics attempts to reorient assumptions about individual rationality (primarily utility optimization) so that models of human behavior more closely resemble actual observed patterns (i.e. how people generally do not act rationally). Think of one or more example cases in which people generally do not act rationally.
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