3min chapter

New Books in Mathematics cover image

Scott Gehlbach, "Formal Models of Domestic Politics" (Cambridge UP, 2021)

New Books in Mathematics

CHAPTER

The Effect of Wealth on Behavior

Despite their not actually being that much money spent on trying to you know buy elections or buy policy the the wealthy are influencing the policy nonetheless. People often mistake it but people often mistake it if they're like I don't know another example is like maybe it's too old of a reference now but like Y2K all this money was spent to just stop a computer disaster and Y2K and there was no disaster so people you know afterwards said oh maybe we need to spend that money. That kind of thinking about like what would have happened if which of course we can never observe but like that's definitely a um a real game theory problem.

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