Index Investing News
Friday, April 3, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

A Counterexample to Holcombe’s View on Preferences

by Index Investing News
January 27, 2024
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Back in May 2023, co-blogger Kevin Corcoran posted on Randy Holcombe’s discussion of how people form preferences on  government policies. Kevin quoted Randy as follows:

These are voters whose beliefs about free trade were simply a derivative preference, derived from their anchor preference of identification with the Republican party. When the Republican party advocated free trade, so did they. And when the Republican party turned away from free trade, so did they. In the same way, after Trump’s rise to prominence in the Republican party, support for free trade among Democrats shot up dramatically, to significantly higher levels than Republican support for free trade during the presidency of George W. Bush.

This quote is from Randall G. Holcombe, Following Their Leaders: Political Preferences and Public Policy, Cambridge University Press, 2023. Kevin wrote:

These are voters whose beliefs about free trade were simply a derivative preference, derived from their anchor preference of identification with the Republican party. When the Republican party advocated free trade, so did they. And when the Republican party turned away from free trade, so did they. In the same way, after Trump’s rise to prominence in the Republican party, support for free trade among Democrats shot up dramatically, to significantly higher levels than Republican support for free trade during the presidency of George W. Bush.

I don’t disagree with this reasoning. I think there’s lot to it. But I do want to point out a counterexample. Back in 2021, Trump revealed to his supporters that he got a booster for the COVID-19 vaccine. A fair number of them booed. So they didn’t adjust their views based on the guy that many of them seemed to love.

Of course you could argue that they can’t adjust their views instantly. It’s quite conceivable that many of them thought that Trump wouldn’t get a booster and thus, in their view, be “on their side.” So they might have booed out of surprise. Still, a fair number of them had to know that he had done Operation Warp Speed to get the original vaccine produced quickly. If they had adjusted their views of the vaccine to what they must have thought his view was, they would have been in favor. But a fair number of members of the audience, going by the volume, saw him as being wrong on this.

 



Source link

Tags: CounterexampleHolcombespreferencesView
ShareTweetShareShare
Previous Post

How activist Rubric Capital may help enhance shareholder value at Xperi

Next Post

‘Where’s attention to detail?’: Zomato CEO Deepinder Goyal rebukes Shark Tank pitchers for presentation errors

Related Posts

Shutting Hormuz is a template for China in Taiwan

Shutting Hormuz is a template for China in Taiwan

by Index Investing News
April 1, 2026
0

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the...

Ritholtz Wealth Management Is Coming to San Francisco!   

Ritholtz Wealth Management Is Coming to San Francisco!   

by Index Investing News
March 28, 2026
0

    Ritholtz Wealth Management is heading west. The week of April 16, 2026, our team will be in San...

The Match That Lit the Flame: Hannah Senesh and the Creation of Modern Israel (with Matti Friedman)

The Match That Lit the Flame: Hannah Senesh and the Creation of Modern Israel (with Matti Friedman)

by Index Investing News
March 24, 2026
0

0:37Intro. Russ Roberts: Today is January 18th, 2026, and my guest is journalist and author, Matti Friedman. This is Matti's...

At the Money: Billionaire Divorce Planning

At the Money: Billionaire Divorce Planning

by Index Investing News
March 20, 2026
0

    At the Money: Divorce Planning for the Ultra Wealthy (March 18, 2026) DESCRIPTION:   Divorce is difficult under the...

The Economics of Scarcity and the UNC-Duke Basketball Game (with Michael Munger)

The Economics of Scarcity and the UNC-Duke Basketball Game (with Michael Munger)

by Index Investing News
March 16, 2026
0

0:37Intro. Russ Roberts: Today is January 4th, 2026, and my guest today is Michael Munger. This is Mike's 51st appearance...

Next Post
‘Where’s attention to detail?’: Zomato CEO Deepinder Goyal rebukes Shark Tank pitchers for presentation errors

‘Where’s attention to detail?’: Zomato CEO Deepinder Goyal rebukes Shark Tank pitchers for presentation errors

China Stocks’ Lost Decade Means An Uphill Battle To Regain Trust

China Stocks’ Lost Decade Means An Uphill Battle To Regain Trust

RECOMMENDED

Europol Seizes  Million, Arrests 15 In Massive Call Center Fraud

Europol Seizes $1 Million, Arrests 15 In Massive Call Center Fraud

January 14, 2023
Atlanta and the Dodgers have opted for playoff-only starters

Atlanta and the Dodgers have opted for playoff-only starters

January 4, 2024
Supreme Court to scrutinize U.S. protections for social media By Reuters

Supreme Court to scrutinize U.S. protections for social media By Reuters

October 3, 2022
The High 20 Recession-Proof Revenue Shares Now

The High 20 Recession-Proof Revenue Shares Now

April 6, 2022
Nifty name: Go brief for now

Nifty name: Go brief for now

August 23, 2022
Twitter not paying PR firm’s bills after Musk buyout -lawsuit By Reuters

Twitter not paying PR firm’s bills after Musk buyout -lawsuit By Reuters

May 26, 2023
Fascism 2.0 – Globalism & The Topics Of Curiosity – FREEDOMBUNKER

Fascism 2.0 – Globalism & The Topics Of Curiosity – FREEDOMBUNKER

August 25, 2024
Contained in the world’s ‘dry sea’ that grew to become a rusting ship graveyard stuffed with illness and disturbing buildings

Contained in the world’s ‘dry sea’ that grew to become a rusting ship graveyard stuffed with illness and disturbing buildings

September 2, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In