Professors who teach macroeconomics have often suspected that the unusually misguided economic analysis often provided in the legacy media (and frequently mimicked by student) reflects a rush to judgement, lack of critical thinking, and plain old scaremongering worthy of Chicken Little. Now Robin Hanson of George Mason University has offered up a little bit of proof.
Regarding a particularly curious and potentially offensive policy recommendation (that makes perfect sense to economists who are used to thinking about the world in creative ways), Hanson found that a positive evaluation correlated with six factors which are indicative of the reporters taking time to figure out what they were reporting on before opening their mouths.
Tip of the hat to Bryan Caplan for the EconLog post entitled "Terrorism Betting Markets: Inquiring Minds Know".
I think there is a typo in the title of your post.
Posted by: William Polley | March 24, 2005 at 09:24 AM