In daily life, reality gives us material incentives to restrain our irrationality. But what incentive do we have to think rationally about politics?
Bryan CaplanThere are two sources of error: Either you lack sufficient data, or you fail to take advantage of the data that you have.
Bryan CaplanSociotropic voters with biased economic beliefs are more likely to produce severe political failures than are selfish voters with rational expectations.
Bryan Caplan