[tomdemaine]

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You are assuming that actions always are indicative of preferences, which is a core AC assumption that is not universally accepted.

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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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It also ignores that more complete information might change people's preferences, and that if sellers have a vested interest in withholding information, consumers preferences may be influenced.


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It's not ignoring, it it's fully incorporated. People are not actively seeking information they are not saying we won't use your service till you give us more information they don't care about having more information. That's their revealed preference.