11. We mentioned that voters are myopic, mostly paying attention to how the econ

Question

11. We mentioned that voters are myopic, mostly paying attention to how the economy is doing in the few months before a presidential election. If they want to be perfectly rational, should they pay attention to all four years of the economy, just the first year, just the last two years, or some other combination? all four years just the first year just the last two years some other combination other than the last two years or first two years Number of voters50 50 25 25 25 1I Left Right Political orientation

Explanation / Answer

First question is answered below

Correct option: all four years

Reason: Voters must study the complete performance chart of the parties for four years along with their future agendas before casting votes. By looking at the entire history, it will give a clear view of the party's claims and results and thus will help the voter make the best decision.

Looking at only recent performance will not be wise because all parties start performing good when their term is about to end.

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