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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What are some reasons people might find acquiring information about politics and voting rational, in contrast to rational ignorance theory?

To determine

The reasons for finding the information rational acquired by the people about politics and voting, in contrast to rational ignorance theory are to be determined.

Explanation

The people who are interested in acquiring the information on politics and voting are generally of two types. One who wants to be better voters and wants to improve the conditions of politics and the other who just acquire information for fun i.e. the results are not going to change anything for them. Now, the voting is rational when the benefits to the voters are more than the cost which is spent on acquiring the information...

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