I read the wiki page on public choice theory and eventually found a wiki page for The Myth of the Rational Voter [1] where they talk about rational irrationality [2].

The idea is that people are more likely to make irrational decisions when the cost of that decision is low, like in voting. An irrational vote only harms you as an individual in a very small way since the cost is distributed across the entire population.

So, it seems to me that we should look for ways to increase the cost of irrational decisions. I'm not sure the best way to accomplish this, but one way would be to reduce the power that government has, thereby reducing the impact of irrational decisions.

https://en.wikipedia.org/wiki/The_Myth_of_the_Rational_Voter...

https://en.wikipedia.org/wiki/Rational_irrationality

"Come up with"? Absolute monarchies actually worked pretty well overall, we don't need to "come up with" anything when we can just restore the Stuarts[0] and their system, for instance. Okay, the current elites (who have the most chance of making such a change nonviolently for a large number of people) might want to make some alterations for modern technology and to transition away from the incredibly egotistical viewpoint of the People thinking they know anything about governance, and they might want to make sure the guy they put in charge has a philosophy and will at least approaching that of the late Lee Kuan Yew.

But really we just need anything that gets power, perceived or real, away from the People.[1][2]

[0] http://en.wikipedia.org/wiki/House_of_Stuart

[1] http://www.constitution.org/eng/patriarcha.htm

[2] http://www.amazon.com/Critique-Democracy-Guide-Neoreactionar...