Rational ignorance can be seen in which of the following scenarios?
A) A student has a final exam in exactly three hours. He knows from past experience that without at least some sleep he will be useless on the exam. In spite of the fact that he still has four chapters to read for the exam, he decides to sleep for 2.5 hours.
B) You are a worker looking for work in a recessionary environment. You get a phone interview after which you are offered a job and have to start the next day. To secure a paycheck, you accept without doing any further research on the company.
C) You have to fly urgently. You buy the first ticket available and it is expensive, but you pay anyway because you do not have time to research other flights.
D) All of these examples illustrate cases of rational ignorance.

Question

Quizplus · Accepted Answer

All the given scenarios illustrate cases of rational ignorance. In each scenario, the decision-maker is prioritizing a specific constraint (sleep, job security, urgency), and thus choosing to remain ignorant about other information or options that may require additional time and effort to investigate.

Rational Ignorance Can Be Seen in Which of the Following