bounded rationality Flashcards
What our position issues?
Position issues are those that which there is not agreement among voters and a number of possible policy outcomes may be desirable immigration is an example of this
Voters rely on 3 holistic techniques to decide who to vote for?
the first party identification i.e the political party voters feel closest to. The second the party best on the voters individuals most important issue. The last is party evaluations
what are heuristics?
course rules of thumb they sacrificed decision-making corresponding increase in simplicity in Speed people rely on heuristics when decisions do not have a certain outcome
What are bias?
A cognitive bias is a systematic error in our thinking
Give examples of heuristics?
Terrorism attacks in most western countries are incredibly rare in the 29 OECD countries average death rate from Road injury was 390 times that of international terrorism however counter terrorism spending it’s irrationally higher numbered safety spending approximately 52 billion in the US