Rational ignorance may cause voters to make irrational decisions, such as judging a politician based on the level of oil prices, even though markets set oil prices.
Correct Answer:
Verified
Q227: A good incentive system aligns self-interest with
Q228: It is sometimes rational to be ignorant.
Q229: Rational ignorance still leads to an efficient
Q230: Economists would generally agree with this quote:
Q231: Saying that voters are rationally ignorant is
Q233: Rational ignorance in politics is the idea
Q234: Sugar consumers likely won't do much to
Q235: It is always irrational to be ignorant.
Q236: Private choice is the study of political
Q237: It is sometimes irrational to be ignorant.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents