Highly informed voters are also highly biased. That’s a serious problem for democracy, but also for any other system of political decision-making in big groups.
The following post by Bryan Caplan appeared over at EconLog on March 1st, 2016. In 2007, I published The Myth of the Rational Voter: Why Democracies Choose Bad Policies. Every presidential election year, people ask for an update, and I normally say, “Nothing’s changed.” But 2016 really does look like an outlier. My thoughts: 1. […]