“First, altruism and morality generally are consumption goods like any other, so we should expect people to buy more altruism when the price is low.34 Second, due to the low probability of decisiveness, the price of altruism is drastically cheaper in politics than in markets.35 Voting to raise your taxes by a thousand dollars when your probability of decisiveness is 1 in 100,000 has an expected cost of a penny.”
