Last week on Marginal Revolution, there was a link to a wonderful paper comparing the policy opinions of economic experts to those of the general public. The paper, by Paola Sapienza and Luigi Zingales, found some pretty significant discrepancies between the two groups. The authors attributed this difference to the degree of trust each group put in the implicit assumptions embedded into the economists’ answers. It’s an excellent and fascinating read. However, like pretty much all academic...
