Cognitive biases drive voting?

Real surprising, huh. Bryan Caplan of The Myth of the Rational Voter has a worthwhile read on the systematic biases of voters.

I first learned about farm price supports in the produce section of the grocery store. I was in kindergarten. My mother explained that price supports seemed to make fruits and vegetables more expensive but assured me that this conclusion was simplistic. If the supports went away, so many farms would go out of business that prices would soon be higher than ever. I accepted what she told me and felt a lingering sense that price competition is bad for buyer and seller alike.

It's amazing how much bad economics I was taught as a little kid by textbooks and teachers.

Posted by Evan @ 09/28/07 04:41 PM


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