Archive for April 21st, 2014

History of India’s opinion polls and why their predictions fail most of the time…

April 21, 2014

A much needed research piece from Praveen Rai of Centre for the Study of Developing Societies. 

The piece is on opinion polls around elections and the hype around it. He also points whether these polls are any useful:

(more…)

Advertisements

Using a TV serial episode to teach Public Choice theory

April 21, 2014

Adam J. Hoffer af University of Wisconsin – La Crosse and George R. Crowley  of Troy University have this interesting paper, They point to an episode from a TV serial South Park which points to some basic lessons of Public Choice theory. Well, I have never even heard of the TV show but the basic plot of the TV episode is pretty simple. So not much of an issue.

They relate the episode to the choices facing voters during 2004 US Presidential elections:

This note describes an approach to teaching the public choice perspectives on voting using an episode from Comedy Central’s animated television show, South Park. The episode titled, “Douche and Turd,” demonstrates the near-zero value of an individual vote, the intrinsic value individuals place on the act of voting itself, problems arising when voters must choose amongst undesirable candidates rather than issues, and the role of political campaigning; and mirrors public perception regarding the 2004 presidential campaign between George W. Bush and John Kerry.

Superb bit…I mean using such tools makes economics much simpler..


%d bloggers like this: