https://market.subwiki.org/w/index.php?action=history&feed=atom&title=Rational_ignorance 2026-05-07T20:32:06Z Revision history for this page on the wiki MediaWiki 1.41.2 https://market.subwiki.org/w/index.php?title=Rational_ignorance&diff=914&oldid=prev 2012-02-14T11:10:48Z

<p>Created page with &quot;==Definition== &#039;&#039;&#039;Rational ignorance&#039;&#039;&#039; refers to a situation where a person chooses not to acquire some knowledge or information &#039;&#039;that would be useful to the person&#039;&#039;, on t...&quot;</p> <p><b>New page</b></p><div>==Definition==<br /> <br /> &#039;&#039;&#039;Rational ignorance&#039;&#039;&#039; refers to a situation where a person chooses not to acquire some knowledge or information &#039;&#039;that would be useful to the person&#039;&#039;, on the grounds that the benefit the information would provide is not sufficient to compensate for the expected cost of acquiring the information.<br /> <br /> The term rational ignorance is not typically used for situations where the knowledge has &#039;&#039;zero&#039;&#039; utility to the person, or zero probability of being useful to the person. Rather, it is used for situations where the utility is small, or the probability of generating a positive utility is small.<br /> <br /> The term is used more often in political science to describe voters in a democracy and is a key ingredient in many accounts of the failure of democracy, particularly [[public choice]].<br /> <br /> ==Related notions==<br /> <br /> * [[Rational irrationality]]</div>

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