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Information and political failures: to what extent does rational ignorance explain irrational beliefs formation?

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  • Louis Jaeck

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  • Louis Jaeck, 2011. "Information and political failures: to what extent does rational ignorance explain irrational beliefs formation?," Constitutional Political Economy, Springer, vol. 22(3), pages 287-301, September.
    • Handle: RePEc:kap:copoec:v:22:y:2011:i:3:p:287-301
    DOI: 10.1007/s10602-011-9108-x
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    6. Hirshleifer, David, 1993. "The Blind Leading the Blind: Social Influence, Fads, and Informational Cascades," University of California at Los Angeles, Anderson Graduate School of Management qt8wz980p5, Anderson Graduate School of Management, UCLA.
    7. Spitzer, Matthew L, 1990. "Some Implications of Cognitive Psychology for Risk Regulation: Comment," The Journal of Legal Studies, University of Chicago Press, vol. 19(2), pages 801-808, June.
    8. George A. Akerlof, 1980. "A Theory of Social Custom, of which Unemployment may be One Consequence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 94(4), pages 749-775.
    9. Noll, Roger G & Krier, James E, 1990. "Some Implications of Cognitive Psychology for Risk Regulation," The Journal of Legal Studies, University of Chicago Press, vol. 19(2), pages 747-779, June.
    10. Kuran, Timur, 1990. "Private and Public Preferences," Economics and Philosophy, Cambridge University Press, vol. 6(1), pages 1-26, April.
    11. Bryan Caplan, 2001. "Rational Ignorance versus Rational Irrationality," Kyklos, Wiley Blackwell, vol. 54(1), pages 3-26, February.
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    13. Viscusi, W. Kip, 1998. "Rational Risk Policy: The 1996 Arne Ryde Memorial Lectures," OUP Catalogue, Oxford University Press, number 9780198293637.
    14. Y. Stephen Chiu, 2002. "On the Feasibility of Unpopular Policies under Re-Election Concerns," Southern Economic Journal, John Wiley & Sons, vol. 68(4), pages 841-858, April.
    15. Alston, Richard M & Kearl, J R & Vaughan, Michael B, 1992. "Is There a Consensus among Economists in the 1990's?," American Economic Review, American Economic Association, vol. 82(2), pages 203-209, May.
    16. Fernandez, Raquel & Rodrik, Dani, 1991. "Resistance to Reform: Status Quo Bias in the Presence of Individual-Specific Uncertainty," American Economic Review, American Economic Association, vol. 81(5), pages 1146-1155, December.
    17. Dur, Robert A J, 2001. "Why Do Policy Makers Stick to Inefficient Decisions?," Public Choice, Springer, vol. 107(3-4), pages 221-234, June.
    18. Camerer, Colin F, 1990. "Some Implications of Cognitive Psychology for Risk Regulation: Comment," The Journal of Legal Studies, University of Chicago Press, vol. 19(2), pages 791-799, June.
    19. Tjernström, E. & Tietenberg, T., 2008. "Do differences in attitudes explain differences in national climate change policies?," Ecological Economics, Elsevier, vol. 65(2), pages 315-324, April.
    20. James T. Hamilton & W. Kip Viscusi, 1999. "Are Risk Regulators Rational? Evidence from Hazardous Waste Cleanup Decisions," American Economic Review, American Economic Association, vol. 89(4), pages 1010-1027, September.
    21. Bryan Caplan, 2003. "The Logic of Collective Belief," Rationality and Society, , vol. 15(2), pages 218-242, May.
    22. Louis Jaeck & Gilbert Bougi, 2010. "Dynamics of Environmental Regulation and Voter’s Biased Beliefs : a Political Economy Approach," CAE Working Papers 83, Aix-Marseille Université, CERGAM.
    23. Bryan Caplan, 2007. "Introduction to The Myth of the Rational Voter: Why Democracies Choose Bad Policies," Introductory Chapters, in: The Myth of the Rational Voter: Why Democracies Choose Bad Policies, Princeton University Press.
    24. Caplan, Bryan, 2001. "Rational Irrationality and the Microfoundations of Political Failure," Public Choice, Springer, vol. 107(3-4), pages 311-331, June.
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    More about this item

    Keywords

    Rational ignorance; Beliefs; Pressure group; Political failures; Irrationality; DO3; D83; D72;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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