Re: Revealed Preferences (people are liars)
[ QUOTE ]
I'm responding to the rather dubious assertion that people's actions are in line with their true values and desires.
[/ QUOTE ]
I don't think this is so except for situations where people's desires are irrational (e.g. I want a 5,000 square ft house in my neighborhood in Toronto for under $400,000, but if I don't "act" on that it's not because me actions don't reflect my desires).
|