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I'm just taking issue with the word "prefer". Do people really prefer cheaper things? Often people can only afford cheaper things, and don't prefer them over
by Eupraxias 4y ago
I'm just taking issue with the word "prefer".
Do people really prefer cheaper things? Often people can only afford cheaper things, and don't prefer them over well-built things. I buy cheap things and often would prefer a more expensive thing.
I can further unravel the logic of my two statements if you prefer, but it's probably annoying.
- olalonde 4y agoYou are right, I was not using the colloquial sense of the word. I was using it to mean what people choose to purchase under price/budget constraints[0]. [0] https://en.wikipedia.org/wiki/Revealed_preference https://en.wikipedia.org/wiki/Revealed_preference