This paper provides a rational choice-based analysis of the causes and consequences of surprise events. The paper argues that ignorance may be rational, but nonetheless produce systematic mistakes, inconsistent behavior, and both pleasant and unpleasant surprises. If ignorance and unpleasant...

The domestic politics of globalization are essentially as old as globalization itself. Trade and other international transactions affect a broad spectrum of individual economic interests. For example, relatively less-efficient domestic firms lose, and importers and consumers desiring goods...