This paper is concerned with Caplan’s (2000, 2001, 2006) rational irrationality model and its application on electoral preference formation. According to this model, individuals consume irrationality in a rational manner i.e. they maximize their total welfare through an exchange between their...

The paper attempts to empirically explain the vote shares received by political parties across municipalities in Greece during the national elections of 2000, in terms of demographic, educational, occupational and other factors under two territorial specifications: one based on the conventional...