(a) The beam is simply supported at both ends, and w(x) w0, 0 x L. (b) Use a graphing utility to graph the deflection curve when w0 24EI and L 1. 3
Chapter 1: The Big Ideas I. Incentives…. a. Definition: Rewards and penalties that motivate behavior. b. Examples: taxes, subsidies, regulation II. Self Interest: Good vs Bad Outcomes a. Good: self-interest aligns with society b. Bad: self-interest fails to align with society i. Incentives are set up to align self-interest with society to produce good results c. Invisible Hand i. Notion that occasionally, self-interest aligns with society and results in good outcomes. 1. Called: “invisible hand” 2. May or may not occur naturally in economies III. Trade-Offs are Everywhere a. Often, attempts to align self-interest
