Rational ignorance suggests that a voter should stop acquiring more information about an issue when
A)the marginal benefit from acquiring the information equals zero.
B)the total cost of acquiring the information is minimized.
C)the total benefit from acquiring the information is maximized.
D)the marginal cost of acquiring the information is equal to the marginal benefit derived from the information.
E)the marginal cost of acquiring the information is greater than zero.

Question

Quizplus · Accepted Answer

Rational ignorance occurs when the cost of educating oneself on an issue surpasses the expected benefits. The optimal point for stopping further information acquisition is when the marginal cost of obtaining more information equals the marginal benefit derived from that information, as any additional information beyond this point would cost more than it's worth to the voter.

Rational Ignorance Suggests That a Voter Should Stop Acquiring More