If there was a unified actor called The Democrats that chose Biden, it chose poorly sure. But it seems very plausible that there were a bunch of low-level strategists who rationally thought “Man, Biden really shouldn’t run but I’ll get in trouble if I say that and I prefer having a job to having a Democratic president” plus a group of incentive-setters who rationally thought they would personally benefit more from creating the conditions for that behaviour than from creating conditions that would select the best candidate.
It’s not obvious to me that this is a thinking carefully problem and not a principal-agent problem.
If there was a unified actor called The Democrats that chose Biden, it chose poorly sure. But it seems very plausible that there were a bunch of low-level strategists who rationally thought “Man, Biden really shouldn’t run but I’ll get in trouble if I say that and I prefer having a job to having a Democratic president” plus a group of incentive-setters who rationally thought they would personally benefit more from creating the conditions for that behaviour than from creating conditions that would select the best candidate.
It’s not obvious to me that this is a thinking carefully problem and not a principal-agent problem.
Or a coordination problem.
I think coordiantion problems are formed from many bad thinkers working together.