> "In “retrospective voting,” for example, you vote to re-elect the incumbent if your life improved (more than you expected) during the incumbent’s term, and otherwise you vote to replace the incumbent with someone else. If most voters did this, incumbents would have strong incentives to make people’s lives go well."
1. I'm not saying that it'll solve the collective action problem (which it will but at the margin?) but that it is welfare enhancing (lower social costs for higher social benefits).
2. The argument is that ig voters try (and I think they do at least partially) to take other factors (e.g. figuring out the effect of the candidates' policies, political tribe allegiance, etc.) into account, it'll be worse.
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