Myth of the Rational Voter





The interactive transcript could not be loaded.



Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Published on Apr 24, 2011

Prof. Bryan Caplan discusses his controversial book, The Myth of the Rational Voter: Why Democracies Choose Bad Policies. His thesis is that a majority of voters err in their thinking on economics issues, and that these errors can be grouped under 4 different irrational biases, which Caplan calls the make-work bias, the anti-foreign bias, the pessimistic bias, and the anti-market bias. These errors make it difficult to enact effective policies through the democratic process. Caplan's argument responds to the claim in conventional public choice theory that voters are rationally ignorant, as well as to critics of that theory.

Credits: This lecture was delivered in 2009 at the Metropolitan State College of Denver School of Business, as part of the Exploring Economic Freedom Lecture Series, directed by Prof. Alexandre Padilla. This video was produced and directed by Scott Houck, and edited by Adrienne Christy. Video production provided by the Educational Technology Center at Metro State State College of Denver. Video used by LearnLiberty.org with permission.

Watch more videos: http://lrnlbty.co/y5tTcY

  • Category

  • License

    • Standard YouTube License


When autoplay is enabled, a suggested video will automatically play next.

Up next

to add this to Watch Later

Add to

Loading playlists...