Behavioral Economics Ep. 5: What You Need to Know About Public Choice – Learn Liberty

from Learn Liberty

Why bad laws get passed.

Public choice is a field of economics that takes what we understand about human behavior and applies that knowledge to humans who work in the public sector, politicians, bureaucrats, lobbyists, and voters. Professor Antony Davies of Duquesne University and Erika Davies of George Mason University explain the true cost of voting, and why laws that are not good for society often get passed. Learn more:


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Behavioral Economics (playlist): Heuristics, cognitive biases, public choice– oh my! Watch the entire series to learn more about behavioral economics at
Econ Chronicles (playlist): Join professor Bryan Caplan as he explains rational ignorance & the most common forms of cognitive biases that voters hold.…
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