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Old 10-31-2007, 04:31 PM
Borodog Borodog is offline
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Join Date: Jan 2004
Location: Performing miracles.
Posts: 11,182
Default Re: Revealed Preferences (people are liars)

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So I'm going to choose to do something that I would prefer not to do? Tell me more.

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First, people sometimes have no preference and still take action.

Second, people's preferences are frequently formed on faulty information and therfore their actions don't represent the action they would take in their own self-interest.

Third, even when fully informed people sometimes act against their own preferences.

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You two aren't using the same definitions. Either fix it or stop wasting your time.
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