How Voter Shortsightedness Skews Elections

sciencehabit writes "'Are you better off than you were 4 years ago?' Ronald Reagan's famous question in the U.S. presidential election of 1980 is generally a good yardstick for picking a candidate, or at least for judging a leader's economic policies. But few voters follow it. Instead, they are swayed by economic swings in the months leading up to the election, often ignoring the larger trends. Why are we so shortsighted? A psychological study of voting behavior suggests an answer and points to a simple fix. ... Healy and Lenz challenged their subjects to evaluate hypothetical governments based on slightly varying information. For example, some received information expressed as yearly income while others received the same information expressed as a yearly growth rate. The same information in a plot of steadily increasing average personal income over 3 years—$32,400, $33,100, $33,800—can also be expressed as a steadily decreasing rate of growth—3%, 2.3%, 2.1%. That did the trick. Just changing the units of the data was enough to cure voter fickleness. When economic trends were expressed as yearly income rather than rates of change, the subjects made accurate judgments. But if the same information was expressed as a change over time—the bias reappeared."

Comments

Re:Are you earning more since Reagan was elected?

[crunchygranola]

Informative? Seriously?

LynnwoodRooster seems to have been betting that by stating a lie while providing a couple of links (that refute the lie) most people will assume that that the links actually support it.

If you follow the GINI link you will find that the both the pre-tax and after-tax GINI DID NOT INCREASE AT ALL during the Clinton years! The rise under Reagan went flat, then resumed its rise again under Bush.

Also actually look at that median HOUSEHOLD (not individual) curve LR links to. By the end of the Reagan-Bush era it was down to $48K (from 45.5K at the start), a far less impressive 5.5% over 12 years, and the whole reason for the rise was due to the second adult in the household going to work - since actual wages were flat.