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The very idea of rational irrationality

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  • Spencer Paulson

Abstract

I am interested in the “rational irrationality hypothesis†about voter behavior. According to this hypothesis, voters regularly vote for policies that are contrary to their interests because the act of voting for them isn’t. Gathering political information is time-consuming and inconvenient. Doing so is unlikely to lead to positive results since one's vote is unlikely to be decisive. However, we have preferences over our political beliefs. We like to see ourselves as members of certain groups (e.g. “rugged individualists†) and being part of those groups depends on having certain beliefs (e.g. about welfare spending). Even if a decrease in welfare spending would be bad for me, I might still benefit by believing in and, consequently, voting for a decrease since my vote is unlikely to make a difference but getting to see myself as a rugged individualist will make a noticeable difference to my wellbeing. It is sometimes argued that this hypothesis fails for empirical reasons. I will argue that things are worse: it is conceptually incoherent. I will do so by first showing that it is a rationalizing explanation and then argue that rationalizing explanations must be reflectively stable from the agent's perspective. The rational irrationality hypothesis is not.

Suggested Citation

  • Spencer Paulson, 2024. "The very idea of rational irrationality," Politics, Philosophy & Economics, , vol. 23(1), pages 3-21, February.
  • Handle: RePEc:sae:pophec:v:23:y:2024:i:1:p:3-21
    DOI: 10.1177/1470594X231177640
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    References listed on IDEAS

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    1. Dan Ariely & George Loewenstein & Drazen Prelec, 2003. ""Coherent Arbitrariness": Stable Demand Curves Without Stable Preferences," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(1), pages 73-106.
    2. repec:cup:judgdm:v:8:y:2013:i:4:p:407-424 is not listed on IDEAS
    3. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65, pages 135-135.
    4. Brigitte C. Madrian & Dennis F. Shea, 2001. "The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(4), pages 1149-1187.
    5. Michael Hannon, 2022. "Are knowledgeable voters better voters?," Politics, Philosophy & Economics, , vol. 21(1), pages 29-54, February.
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