Rational ignorance refers to the idea that
A)decision-makers do not understand what it means to be rational.
B)information is costly,so decision-makers normally will act less than perfect information.
C)bureaucrats take advantage of voter ignorance.
D)dollar votes and political votes will lead to different outcomes.

Question

Quizplus · Accepted Answer

Rational ignorance suggests that decision-makers often choose to act with less than perfect information because the cost of acquiring complete information may outweigh the benefits of their decision. This can lead to suboptimal outcomes due to incomplete or incorrect information.

Rational Ignorance Refers to the Idea That