What Does the Theory of "Low­information Rationality" Refer To

question 13

Multiple Choice

What does the theory of "low­information rationality" refer to?

• A) The notion that voters can and do use shortcuts to make political judgments
• B) The way that political pollsters extrapolate broad trends from small samplings
• C) The foolishness and ignorance of many voters' choices
• D) The tendency of political parties to only offer as much information as the media demands, and no more
• E) The high level of political apathy among Americans

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Definitions:

Increase

An uptick or rise in a statistical value or quantity.

Diluted Earnings Per Share

A metric that shows the quality of a company's earnings per share if all convertible securities were exercised.

Preferred Stock

A class of ownership in a corporation that has a higher claim on the assets and earnings than common stock, typically with fixed dividends.

Disclosure

The act of making information known, especially financial data in the context of accounting, to ensure transparency and informed decision-making.