Search results
Results From The WOW.Com Content Network
Marketers can take advantage of rational ignorance by increasing the complexity of a decision. If the difference in value between a quality product and a poor product is less than the cost to perform the research necessary to differentiate between them, then it is more rational for a consumer to just take his chances on whichever of the two is more convenient and available.
Hanlon's razor is an adage or rule of thumb that states: [1]. Never attribute to malice that which is adequately explained by stupidity. It is a philosophical razor that suggests a way of eliminating unlikely explanations for human behavior.
Rational ignorance does not predict any systemic biases in voter beliefs. Rather, it is consistent with voters having beliefs that are wrong in random ways with no overall direction of bias. Rational irrationality, on the other hand, predicts that systemic biases are apt to occur in areas where the policies that feel good are systemically ...
Rawls coined the phrases original position and veil of ignorance. [2] However, the same thought experiment had already been described earlier in social choice by William Vickrey [3] and John Harsanyi, [4] [5] who independently derived proofs showing a rational observer in the original position would adopt a utilitarian framework. [6]
Persuasive definition – purporting to use the "true" or "commonly accepted" meaning of a term while, in reality, using an uncommon or altered definition. (cf. the if-by-whiskey fallacy) Ecological fallacy – inferring about the nature of an entity based solely upon aggregate statistics collected for the group to which that entity belongs.
Anthony Downs provided an application of this logic to the theory of voting, identifying the paradox of voting whereby rational individuals prefer to abstain from voting, because the marginal cost exceeds the private marginal benefit. [62] Downs argues further that voters generally prefer to remain uninformed due to "rational ignorance".
There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that 'my ignorance is just as good as your knowledge'.
Rational ignorance – Practice of avoiding research whose cost exceeds its benefits; Scareware – Malware designed to elicit fear, shock, or anxiety; Swiftboating – Character assassination as a political tactic; Tin foil hat – Hat and stereotype for conspiracy theorists; Vaporware – Product announced but never released