Rational Ignorance versus Rational Irrationality

By B. Caplan. 2001

212 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Political Science and International Relations

View Paper: https://www.semanticscholar.org/paper/6c3f1e57581fbc032b598f8e0af0af31b12b1d2e

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In Economics and Econometrics

1. B. Caplan

Citations in the corpus

• Terrorism: The relevance of the rational choice model (2006, background): “Recurring mistakes, in contrast, suggest disregard for information (Caplan, 2001b).”
• Who Benefits from Economic Freedom? Unraveling the Effect of Economic Freedom on Subjective Well-Being (2013, unknown): “The results also imply that public choice theories seem correct in emphasizing political self-interest (Niskanen, 1971), the role of bureaucracies (Luechinger, Meier, & Stutzer, 2007; Vaubel, 1996), rent-seeking (Tullock, 1980), rational ignorance, or irrationality (Caplan, 2001a), and capture by lo”
• Systematically Biased Beliefs About Economics: Robust Evidence of Judgemental Anomalies from the Survey of Americans and Economists on the Economy (2002, background): “This paper’s empirics suggest an alternate explanation: political failure could simply be a byproduct of the electorate’s systematically biased beliefs about economics (Akerlof, 1989; Sachs, 1994; Caplan, 2001a, b).”