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Capitol Reader

Summary of The Myth of the Rational Voter: Why Democracies Choose Bad Policies – Bryan Caplan

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This ebook consists of a summary of the ideas, viewpoints and facts presented by Bryan Caplan in his book “The Myth of the Rational Voter: Why democracies Choose Bad Policies”. This summary offers a concise overview of the entire book in less than 30 minutes reading time. However this work does not replace in any case Bryan Caplan’s book.Caplan takes an insight look on how people vote under the influence of popular misconceptions and irrational beliefs resulting in bad policies wining again and again by popular demand.
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19 printed pages
Publication year
2013
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Quotes

  • Kristy Perryhas quoted8 years ago
    Beyond the Miracle of Aggregation
    Politicians and educators alike have long mourned voter ignorance. Some theorists have tried to explain how the effect of ignorant voters in a democracy is mitigated by the “Miracle of Aggregation,” where the wisdom of informed voters cancels out the ignorance of others. To explain briefly, if an electorate is 100% uninformed votes randomly on a candidate, the outcome is split fifty-fifty. If only 1% of the voters are well informed, chance dictates that the candidates receive half of the uninformed votes, or 49.5%, which leaves the remaining 1% of the informed voters that candidates must vie for, and who will determine the election.
  • ayeshamostafahas quoted9 years ago
    cancels out the ignorance of others. To explain briefly, if an electorate is 100% uninformed votes randomly on a candidate, the outcome is split fifty-fifty. If only 1% of the voters are well informed, chance dictates that the candidates receive half of the uninformed votes, or 49.5%, which leaves the remaining 1% of the informed voters that candidates m

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