Saturday, 5 April 2008

Rationality is not Selfishness

A response to a recent cicak's piece, perhaps.


Voting as a rational decision
Andrew Gelman Noah Kaplan
5 April 2008

Voting behaviour seemingly confounds rational choice theory. But this column shows that voting can be perfectly rational, if voters are concerned with social benefits and not merely personal gains. Rationality and selfishness are not the same.
(Read more...)


The last sentence is the key insight. Similarly freer market does not mean greater competition. But that is another story for another day.


1 comment:

Harrison bin Hansome said...

Good post and thought. Keep on posting.