Peter Barrett (@debatology): "If you want to understand what's up with revealed preferences and why we shouldn't base entire economic systems on them, this one is worth a read!"

Make money doing the work you believe in

Peter Barrett Apr 5

If you want to understand what's up with revealed preferences and why we shouldn't base entire economic systems on them, this one is worth a read!

Ultimately, neither stated nor revealed preference gives an index of someone’s true desires which is simple or transparent. When I look inside myself, even possessing the most perfect information anyone has about my preferences, sometimes I myself don’t know what I want, or what I would want if the world were different.

Apr 5

at

3:21 PM

#nojs-banner { position: fixed; bottom: 0; left: 0; padding: 16px 16px 16px 32px; width: 100%; box-sizing: border-box; background: red; color: white; font-family: -apple-system, "Segoe UI", Roboto, Helvetica, Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol"; font-size: 13px; line-height: 13px; } #nojs-banner a { color: inherit; text-decoration: underline; } This site requires JavaScript to run correctly. Please turn on JavaScript or unblock scripts