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  1. #26
    Veteran
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    Well, I'll take my economic know how up against any board member outside of Scott. that guy.
    Good to see you're still a .

  2. #27
    Independent DMX7's Avatar
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    LOL Wall Street Journal.

  3. #28
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    LOL Wall Street Journal.
    I don't mind the journal. I think it's a fine publication.
    What's misleading is not indicating that this is an opinion piece.

  4. #29
    A neverending cycle Trainwreck2100's Avatar
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    like repubs are any better, they hear "tax hike" and pick up the pitchforks and torches

  5. #30
    right about pizzagate Blake's Avatar
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    What's misleading is not indicating that this is an opinion piece.
    they were very coy about it:

    A response was counted as incorrect only if it was flatly unenlightened.

  6. #31
    dangerous floater Winehole23's Avatar
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    Back in June 2010, I published a Wall Street Journal op-ed arguing that the American left was unenlightened, by and large, as to economic matters. Responding to a set of survey questions that tested people’s real-world understanding of basic economic principles, self-identified progressives and liberals did much worse than conservatives and libertarians, I reported. To sharpen the ax, The Journal led the piece “Are You Smarter Than a Fifth Grader?”—the implication being that people on the left were not.



    The op-ed set off fireworks. On The Journal’s Web site, the piece peaked at No.2 in most-e-mailed for the month it was published. The Examiner, in Washington, D.C., ran two opinion pieces in response, one approving and one critical. (The latter noted, correctly, that conservatives were “happily disseminating the results across the right-wing blogosphere.”) The Washington Times reported, “Liberals Livid Over Economic Enlightenment Gauge.” My inbox exploded with messages haranguing me for cynically rigging my results or blessing me for providing proof of a long-suspected truth.



    The Wall Street Journal piece was based on an article that Zeljka Buturovic and I had published in Econ Journal Watch, a journal that I edit. In short order, more than 10,000 people downloaded a PDF of the scholarly article. The attention, while slightly unnerving, was also pleasing, and I’ll confess that I found the study results congenial: I’m a libertarian, and I found it easy to believe that people on the left had an especially bad grasp of economics.



    But one year later, in May 2011, Buturovic and I published a new scholarly article reporting on a new survey. It turned out that I needed to retract the conclusions I’d trumpeted in The Wall Street Journal. The new results invalidated our original result: under the right cir stances, conservatives and libertarians were as likely as anyone on the left to give wrong answers to economic questions. The proper inference from our work is not that one group is more enlightened, or less. It’s that “myside bias”—the tendency to judge a statement according to how conveniently it fits with one’s settled position—is pervasive among all of America’s political groups. The bias is seen in the data, and in my actions.
    http://www.theatlantic.com/magazine/...are-you/8713/#

  7. #32
    dangerous floater Winehole23's Avatar
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    Shouldn’t a college professor have known better? Perhaps. But adjusting for bias and groupthink is not so easy, as indicated by one of the major conclusions developed by Buturovic and sustained in our joint papers. Education had very little impact on responses, we found; survey respondents who’d gone to college did only slightly less badly than those who hadn’t. Among members of less-educated groups, brighter people tend to respond more frequently to online surveys, so it’s likely that our sample of non-college-educated respondents is more enlightened than the larger group they represent. Still, the fact that a college education showed almost no effect—at least for those inclined to take such a survey—strongly suggests that the classroom is no great corrective for myside bias. At least when it comes to public-policy issues, the corrective value of professional academic experience might be doubted as well.



    Discourse affords some opportunity to challenge the judgments of others and to revise our own. Yet inevitably, somewhere in the process, we place what faith we have.
    ibid

  8. #33
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    Surprised Darrin didn't get this on his email list...

  9. #34
    Displaced 101A's Avatar
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    "Myside Bias".

    Gonna use that.

    Good find, WH.

  10. #35
    Believe.
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    I would rather discuss the actual policy platforms as defined by our two parties. Discussing the fringe is great and most everyone agrees that total nationalization of industry is bad bit with that I have two words:

    Supply side.

  11. #36
    Believe.
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    ing necros.

  12. #37
    Cogito Ergo Sum LnGrrrR's Avatar
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    This poll has fail written all over it. Not surprised DarrinS posted it. Not surprised it comes from the highly liberal WSJ Op-Ed page either.

  13. #38
    Mr. John Wayne CosmicCowboy's Avatar
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    so the govt mandating homes meet a certain level of safety makes the home more expensive...... equaling less affordable. So I guess conservatives don't need housing code standards because it makes the house more expensive? Therefore housing code regs are unecessary because they make homes unaffordable....
    straw man

  14. #39
    Veteran DarrinS's Avatar
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    So, the conclusion is that EVERYONE suffers from confirmation bias.

    I'm flattered that WH recalls threads I started over a year ago. I can't say I recall any of his.

  15. #40
    The D.R.A. Drachen's Avatar
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    I will be honest, I thought it was pretty weak myself.

  16. #41
    dangerous floater Winehole23's Avatar
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    So, the conclusion is that EVERYONE suffers from confirmation bias.
    Wow, you actually read this time. CAn you see the relation it bears to grasping the obvious?
    I'm flattered that WH recalls threads I started over a year ago. I can't say I recall any of his.
    Suits me fine.

  17. #42
    Alleged Michigander ChumpDumper's Avatar
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    lol not exploited

  18. #43
    Cogito Ergo Sum LnGrrrR's Avatar
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    But one year later, in May 2011, Buturovic and I published a new scholarly article reporting on a new survey. It turned out that I needed to retract the conclusions I’d trumpeted in The Wall Street Journal. The new results invalidated our original result: under the right cir stances, conservatives and libertarians were as likely as anyone on the left to give wrong answers to economic questions. The proper inference from our work is not that one group is more enlightened, or less. It’s that “myside bias”—the tendency to judge a statement according to how conveniently it fits with one’s settled position—is pervasive among all of America’s political groups. The bias is seen in the data, and in my actions.
    This just goes to show how stupid smart people can be. It's pretty obvious the poll is biased from the first question mentioned.

  19. #44
    Displaced 101A's Avatar
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    This just goes to show how stupid smart people can be. It's pretty obvious the poll is biased from the first question mentioned.

    True, but how many posters on this board have issued a mea culpa so complete and heartfelt as the author? He has my respect.

  20. #45
    Cogito Ergo Sum LnGrrrR's Avatar
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    I mean, , look at this question:

    Third World workers working for American companies overseas are being exploited (unenlightened answer: agree).
    And this guy couldn't see the bias inherent in that question? Really?

  21. #46
    Cogito Ergo Sum LnGrrrR's Avatar
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    True, but how many posters on this board have issued a mea culpa so complete and heartfelt as the author? He has my respect.
    Agreed, but it's astounding to me that he didn't see the bias in the original article. I might as well come up with a poll with my "unenlightened answers"... how about...

    1) All GTMO detainees are terrorists. (Unenlighted answer: Agree)
    2) Warrantless wiretapping is essential to protecting our freedoms. (Unenlighted answer: Agree)
    3) Being a Republican means never having to think (Unenlighted answer: Disagree)
    4) Only fools believe in God (Unenlighted answer: Disagree)
    5) Having historically large gaps between haves and havenots has never lead to revolution (Unenlighted answer: Disagree)

    Then a year later I can come back to the thread and apologize for my stupidity.

  22. #47
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    Look at these questions. What a joke.

    1) Mandatory licensing of professional services increases the prices of those services (unenlightened answer: disagree).
    2) Overall, the standard of living is higher today than it was 30 years ago (unenlightened answer: disagree).
    For 18-25 year-olds? HAhahahahaahhahahahhahahahaahh.
    3) Rent control leads to housing shortages (unenlightened answer: disagree).
    4) A company with the largest market share is a monopoly (unenlightened answer: agree).
    What a butt- ingly stupid question. If the company controls over 50% of the market share it is.
    5) Third World workers working for American companies overseas are being exploited (unenlightened answer: agree).
    Are you ting me? You don't think the children in Chinese sweatshops are being exploited?
    6) Free trade leads to unemployment (unenlightened answer: agree).
    Free trade leads to unpaid internships...NOBODY is unemployed now, they are all unpaid laborers!
    7) Minimum wage laws raise unemployment (unenlightened answer: disagree).
    Again, remove all minimum wage laws so we can have slaves again! Everyone is an employed, unpaid laborer!
    Last edited by greyforest; 11-11-2011 at 05:52 PM.

  23. #48
    Believe.
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    I can't say I recall any of his.
    I guess after awhile the constant logical inconsistencies and bull is hard to keep up with. You started this thread. Thats sad.

  24. #49
    I am that guy RandomGuy's Avatar
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    Re-reading the thread, I was struck by a couple of comments:


    Oddly though, a surprising number of conservatives who post in boards tend to not do too well when it comes to that stuff either. The advocates of free markets, while generally on board with most economic topics tend to miss out on some important things like negative externalities, and how monopolies and oligopolies can distort free markets to produce less-than-desirable outcomes.
    I do notice conservative students suffer from the same problem of reconciling economics with political ideals, especially when dealing with welfare economics (this isn't the economics of a welfare system but the economics of maximizing the total well being of society as a whole), but not nearly to the same degree.
    Here’s what we came up with, again with the incorrect response in parentheses:
    a dollar means more to a poor person than it does to a rich person (disagree);
    making abortion illegal would increase the number of black-market abortions (disagree);
    legalizing drugs would give more wealth and power to street gangs and organized crime (agree);
    drug prohibition fails to reduce people’s access to drugs (agree);
    gun-control laws fail to reduce people’s access to guns (agree);
    by participating in the marketplace in the United States, immigrants reduce the economic well-being of American citizens (agree);
    when a country goes to war, its citizens experience an improvement in economic well-being (agree);
    when two people complete a voluntary transaction, they both necessarily come away better off (agree);
    when two people complete a voluntary transaction, it is necessarily the case that everyone else is unaffected by their transaction (agree).

    Buturovic began putting all 17 questions to a new group of respondents last December. I eagerly awaited the results, hoping that the conservatives and especially the libertarians (my side!) would exhibit less myside bias. Buturovic was more detached. She e-mailed me the results, and commented that conservatives and libertarians did not do well on the new questions. After a hard look, I realized that they had bombed on the questions that challenged their position. A full tabulation of all 17 questions showed that no group clearly out-stupids the others. They appear about equally stupid when faced with proper challenges to their position.
    Researchers discover data supporting general anecdotal observations of economics professor and accountant. Yay.

  25. #50
    I am that guy RandomGuy's Avatar
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    Does this mean someone gets to post a thread:

    "New study confirms: Conservatives don't understand economics?"

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