The psychological foundations of rational ignorance: biased heuristics and decision costs

Article


Taylor, Brad R.. 2020. "The psychological foundations of rational ignorance: biased heuristics and decision costs." Constitutional Political Economy. 31 (1), pp. 70-88. https://doi.org/10.1007/s10602-019-09292-4
Article Title

The psychological foundations of rational ignorance: biased heuristics and decision costs

ERA Journal ID18672
Article CategoryArticle
Authors
AuthorTaylor, Brad R.
Journal TitleConstitutional Political Economy
Journal Citation31 (1), pp. 70-88
Number of Pages19
Year2020
Place of PublicationUnited States
ISSN1043-4062
1572-9966
Digital Object Identifier (DOI)https://doi.org/10.1007/s10602-019-09292-4
Web Address (URL)https://link.springer.com/article/10.1007/s10602-019-09292-4
Abstract

Rational ignorance and related models of voter choice have been accused of psychological implausibility or even incoherence. Although such models run counter to folk psychological understandings of choice, this paper argues that they are consistent with widely-accepted dual process theories of cognition. Specifically, I suggest that political ignorance can be explained via a “default interventionist” account in which a biased intuitive subsystem produces automatic responses which are overridden by rational refection when the prospective costs of error are significant. This is consistent with rational ignorance and related theories of political ignorance and bias. Providing stronger psychological foundations for rational ignorance also suggests new ways in which the theory might be developed to increase its predictive, analytic, and evaluative power.

Keywordsrational ignorance, rational irrationality, behavioural political economy, dual process theory, heuristics and biases
ANZSRC Field of Research 2020380113. Public economics - public choice
Public Notes

Files associated with this item cannot be displayed due to copyright restrictions.

Byline AffiliationsSchool of Commerce
Institution of OriginUniversity of Southern Queensland
Permalink -

https://research.usq.edu.au/item/q58q0/the-psychological-foundations-of-rational-ignorance-biased-heuristics-and-decision-costs

  • 176
    total views
  • 11
    total downloads
  • 3
    views this month
  • 0
    downloads this month

Export as

Related outputs

Individual preferences, government policy, and COVID-19: A game-theoretic epidemiological analysis
Zhou, Yuxun, Rahman, Mohammad Mafizur, Khanam, Rasheda and Taylor, Brad R.. 2023. "Individual preferences, government policy, and COVID-19: A game-theoretic epidemiological analysis." Applied Mathematical Modelling: simulation and computation for engineering and environmental systems. 122, pp. 401-416. https://doi.org/10.1016/j.apm.2023.06.014
Alternative Method to Resolve the Principal–Principal Conflict—A New Perspective Based on Contract Theory and Negotiation
Zhou, Yuxun, Rahman, Mohammad Mafizur, Khanam, Rasheda and Taylor, Brad R.. 2023. "Alternative Method to Resolve the Principal–Principal Conflict—A New Perspective Based on Contract Theory and Negotiation." Mathematics. 11 (2), pp. 1-31. https://doi.org/10.3390/math11020442
Examining the determinants of eHealth usage among elderly people with disability: The moderating role of behavioural aspects
Ali, Mohammad Afshar, Alam, Khorshed, Taylor, Brad and Ashraf, Mahfuz. 2021. "Examining the determinants of eHealth usage among elderly people with disability: The moderating role of behavioural aspects." International Journal of Medical Informatics. 149, pp. 1-8. https://doi.org/10.1016/j.ijmedinf.2021.104411
The impact of penalty and subsidy mechanisms on the decisions of the government, businesses, and consumers during COVID-19 — Tripartite evolutionary game theory analysis
Zhou, Yuxun, Rahman, Mohammad Mafizur, Khanam, Rasheda and Taylor, Brad R.. 2022. "The impact of penalty and subsidy mechanisms on the decisions of the government, businesses, and consumers during COVID-19 — Tripartite evolutionary game theory analysis." Operations Research Perspectives. 9, pp. 1-16. https://doi.org/10.1016/j.orp.2022.100255
The Impossibility of a Bayesian Liberal?
Bosworth, William and Taylor, Brad. 2022. "The Impossibility of a Bayesian Liberal?" The Journal of Politics. 84 (4), pp. 2023-2033. https://doi.org/10.1086/716286
Public Choice
Taylor, Brad R. and Bosworth, William. 2022. "Public Choice." Hay, Colin, Lister, Michael and Marsh, David (ed.) The State: Theories and Issues. Bloomsbury Academic. pp. 89-107
The private returns to education in rural Bangladesh
Mamun, Shamsul Arifeen Khan, Taylor, Brad R., Nghiem, Son, Rahman, Mohammad Mafizur and Khanam, Rasheda. 2021. "The private returns to education in rural Bangladesh." International Journal of Educational Development. 84. https://doi.org/10.1016/j.ijedudev.2021.102424
Agreeing to Disagree Politically
Taylor, Brad R. and Bosworth, William. 2020. "Agreeing to Disagree Politically." New Political Economy. 26 (5), pp. 707-716. https://doi.org/10.1080/13563467.2020.1816948
Entry Barriers and Competitive Governance
Friedman, Patri and Taylor, Brad R.. 2020. "Entry Barriers and Competitive Governance." Journal of Special Jurisdictions. 1 (1), pp. 51-82.
Does ICT maturity catalyse economic development? Evidence from a panel data estimation approach in OECD countries
Ali, Mohammad Afshar, Alam, Khorshed and Taylor, Brad. 2020. "Does ICT maturity catalyse economic development? Evidence from a panel data estimation approach in OECD countries." Economic Analysis and Policy. 68, pp. 163-174. https://doi.org/10.1016/j.eap.2020.09.003
The Mediating Effect of Information and Communication Technology Usages on the Nexus Between Assistive Technology and Quality of Life Among People with Communication Disability
Ali, Mohammad Afshar, Alam, Khorshed and Taylor, Brad. 2020. "The Mediating Effect of Information and Communication Technology Usages on the Nexus Between Assistive Technology and Quality of Life Among People with Communication Disability." CyberPsychology, Behavior and Social Networking. 23 (5), pp. 338-345. https://doi.org/10.1089/cyber.2019.0598
Determinants of ICT usage for healthcare among people with disabilities: The moderating role of technological and behavioural constraints
Ali, Mohammad Afshar, Alam, Khorshed and Taylor, Brad. 2020. "Determinants of ICT usage for healthcare among people with disabilities: The moderating role of technological and behavioural constraints." Journal of Biomedical Informatics. 108, pp. 1-11. https://doi.org/10.1016/j.jbi.2020.103480
Does digital inclusion affect quality of life? Evidence from Australian household panel data
Ali, Mohammad Afshar, Alam, Khorshed, Taylor, Brad and Rafiq, Shuddhasattwa. 2020. "Does digital inclusion affect quality of life? Evidence from Australian household panel data." Telematics and Informatics. 51. https://doi.org/10.1016/j.tele.2020.101405
Agreeing to Disagree Politically
Taylor, Brad R. and Bosworth, William. 2018. "Agreeing to Disagree Politically." Australasian Public Choice Conference (2018). Melbourne, Australia 10 - 11 Dec 2018 https://doi.org/10.2139/ssrn.3444730
Incorporating affordability, efficiency, and quality in the ICT development index: implications for index building and ICT policymaking
Ali, Mohammad Afshar, Alam, Khorshed and Taylor, Brad. 2020. "Incorporating affordability, efficiency, and quality in the ICT development index: implications for index building and ICT policymaking." The Information Society. 36 (2), pp. 71-96. https://doi.org/10.1080/01972243.2019.1702601
Economic perspectives on government
Dowding, Keith and Taylor, Brad R.. Raadschelders, Jos C. N. and Rhodes, R. A. W. (ed.) 2020. Economic perspectives on government. Cham, Switzerland. Palgrave Macmillan.
Do social exclusion and remoteness explain the digital divide in Australia? Evidence from a panel data estimation approach
Ali, Mohammad Afshar, Alam, Khorshed and Taylor, Brad. 2020. "Do social exclusion and remoteness explain the digital divide in Australia? Evidence from a panel data estimation approach." Economics of Innovation and New Technology. 29 (6), pp. 643-659. https://doi.org/10.1080/10438599.2019.1664708
Measuring the concentration of information and communication technology infrastructure in Australia: do affordability and remoteness matter?
Ali, Mohammad Afshar, Alam, Khorshed and Taylor, Brad. 2020. "Measuring the concentration of information and communication technology infrastructure in Australia: do affordability and remoteness matter?" Socio-Economic Planning Sciences. 70. https://doi.org/10.1016/j.seps.2019.100737
Do income distribution and socio-economic inequality affect ICT affordability? Evidence from Australian household panel data
Ali, Mohammad Afshar, Alam, Khorshed, Taylor, Brad and Rafiq, Shuddhasattwa. 2019. "Do income distribution and socio-economic inequality affect ICT affordability? Evidence from Australian household panel data." Economic Analysis and Policy. 64, pp. 317-328. https://doi.org/10.1016/j.eap.2019.10.003
Feasibility claims in the debate over anarchy versus the minimal state
Taylor, Brad R.. 2018. "Feasibility claims in the debate over anarchy versus the minimal state." Libertarian Papers. 10 (2), pp. 277-293.
Rational choice
Hindmoor, Andrew and Taylor, Brad. 2017. "Rational choice." Lowndes, Vivien, Marsh, David and Stoker, Gerry (ed.) Theory and methods in political science.. United Kingdom. Palgrave Macmillan. pp. 39-53
The lack of competition in governance as an impediment to regional development in Australia
Taylor, Brad R.. 2017. "The lack of competition in governance as an impediment to regional development in Australia." Agenda: a journal of policy analysis and reform. 24 (1), pp. 21-30. https://doi.org/10.22459/AG.24.01.2017
Rational choice
Hindmoor, Andrew and Taylor, Brad. 2015. Rational choice. London, Great Britain. Palgrave Macmillan.
Exit and the epistemic quality of voice
Taylor, Brad R.. 2016. "Exit and the epistemic quality of voice." Economic Affairs: the journal of the IEA. 36 (2), pp. 133-144. https://doi.org/10.1111/ecaf.12173
Seasteading: competitive governments on the ocean
Friedman, Patri and Taylor, Brad. 2012. "Seasteading: competitive governments on the ocean." Kyklos. 65 (2), pp. 218-235. https://doi.org/10.1111/j.1467-6435.2012.00535.x
What’s in a cost? Comparing economic and public health easures of alcohol’s social costs
Crampton, Eric, Burgess, Matt and Taylor, Brad. 2012. "What’s in a cost? Comparing economic and public health easures of alcohol’s social costs." New Zealand Medical Journal. 125 (1360), pp. 66-73.
Analytic radicalism
Taylor, Brad. 2013. "Analytic radicalism." Constitutional Political Economy. 24 (2), pp. 166-172. https://doi.org/10.1007/s10602-013-9134-y
Children’s rights with endogenous fertility
Taylor, Brad R.. 2014. "Children’s rights with endogenous fertility." Rationality, Markets and Morals. 5, pp. 93-119.
Strategic and expressive voting
Taylor, Brad R.. 2015. "Strategic and expressive voting." Constitutional Political Economy. 26 (2), pp. 159-170. https://doi.org/10.1007/s10602-014-9180-0