Isn't it called an idiot tax by many economists? Their term, we should call it an ignorance tax.
On Sat, Jul 15, 2006 at 10:37:17AM -0700, Jim Devine wrote: > > aren't people particularly "irrational" when it comes to lotteries, if > we use NC standards of rationality as our baseline? That is, it makes > no economic sense to buy lottery tickets, but people do anyway. > -- > Jim Devine / "Capitalism has destroyed our belief in any effective > power but that of self interest backed by force." -- George Bernard > Shaw -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
