Good Policy Choices Even When Voters Entertain Biased Beliefs: A Model with Endogenous Valence

In “The Myth of the Rational Voter” Brian Caplan shows that voters entertain systematically biased beliefs on a number of essential issues of economic policy and concludes that this leads democracies to choose bad policies. We introduce the psychological concept of mental models to address voters...

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Bibliografische gegevens
Gepubliceerd in:MAGKS - Joint Discussion Paper Series in Economics (Band 24-2008)
Hoofdauteurs: Bischoff, Ivo, Siemers, Lars
Formaat: Arbeit
Taal:Engels
Gepubliceerd in: Philipps-Universität Marburg 2008
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MAGKS - Joint Discussion Paper Series in Economics