Premium
THE TRUTHINESS HURTS
Author(s) -
Carden Art,
Hammock Mike
Publication year - 2010
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2010.02004.x
Subject(s) - relevance (law) , pessimism , irrational number , positive economics , politics , work (physics) , mythology , economics , preference , voter model , law and economics , keynesian economics , political science , epistemology , microeconomics , philosophy , law , engineering , mathematics , mechanical engineering , geometry , theology , statistics
This essay applies some of the key insights in Bryan Caplan's The Myth of the Rational Voter. We discuss the relevance of cheap signals in political systems as well as the relevance of ideas in public policy with ‘rationally irrational’ voters. We add a fifth bias, ‘stick‐it‐to‐the‐man bias’, to Caplan's proposed anti‐market, anti‐foreign, make‐work and pessimistic biases, and we apply them all to environmental policy.