More theory needed: why things work
We have a lot of good theories as to why government policies don’t work. Regulatory capture explains why regulating agencies cosy up to the industries they’re suppose to reign in. Politicians’ relentless focus on short term economic growth and desperate chasing of positive headlines causes them to embrace ill-advised short-term measures (and forget about action on things like climate change!). Meanwhile, the civil service’s tenure and lack of accountability allows it to indulge in exuberant nest-feathering wastes of taxpayers’ money. Issues of status and pride saturate the decisions of all ranks of government officials.
These theories are not only intuitive, they are also backed up by research and evidence. And yet…
And yet… Continue reading
What is the chance of an MP being wrong?
When MPs took a maths exam it showed that the members of parliament are pretty bad at elementary probability. When asked “if you spin a coin twice, what is the probability of getting two heads?” 47% of conservatives and 77% of the Labour MPs gave the wrong answer. About 75% of the MPs felt confident when dealing with numbers, although they generally though politicians did not use official statistics and figures correctly when talking policy.
How should a rational person react to this news?
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