Re: Revealed Preferences (people are liars)
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Borodog,
that was very educational for those like me who mostly lurk in this forum. thanks.
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Can I ask what was educational about it? All I see is a shifting of words and definitions.
1. Preference: The thing that's determined 100% by an action
2. Purpose: The thing that's determined 100% by an action:
3. Purposeful action: The thing you do that reveals your preference (see #1)
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No; Purposeful actions are determined by preferences, which are then demonstrated by those actions. How this difficult to comprehend is difficult to comprehend.
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