Bien-Etre / Well Being

Rational Ignorance: A Double-Edged Sword

0

Rational ignorance is a concept that was coined by the economist Anthony Downs in his treatise An Economic Theory of Democracy. It refers to cases in which a person decides to act without having all the information that they could collate about a decision they must make. This is because the cost of acquiring that knowledge is higher than the benefit it generates. Rational ignorance is said to be a double-edged sword. That’s because, on the one hand, it often actually saves unnecessary time and effort. Because sometimes it isn’t possible or convenient to want to know absolutely everything or to…

This content is for Q17 Membership, Classified Membership, and LifeTime Patriot Membership members only.
Login Join Now
Chantal Maille
Praticien en Psychothérapie - Psychanalyste, Coaching conjugal & Sophrologie https://chmpsy.com

Maxwell Appears in Federal Court at Pre-Trial Conference

Previous article

Reporting against all odds: Journalism in Belarus today (Zoom, Nov. 23)

Next article

You may also like

Comments

Comments are closed.