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Wrong. Trading time for a good or service is simply not what the revealed preferences theory has evidence to demonstrate. You are jumping to a baseless conclusi
by dahart 2y ago
Wrong. Trading time for a good or service is simply not what the revealed preferences theory has evidence to demonstrate. You are jumping to a baseless conclusion. If it’s free, it’s not covered in revealed preference theory, by definition.
- scarface_74 2y agoMaybe because revealed preference study came out before people could endlessly get services for free? Are you really saying it’s stretch that when people say one thing and do another, what they do is more indicative of their preferences than what they say?
- dahart 2y agoNo, there have always been free things. Revealed preference theory depends on the spending of money as the signal. That is the theory. It simply does not apply to free things. You’re trying to invent some other theory, for which you’re going to need to justify some other way. Revealed preference theory does not apply the way you’d like it to, and does not support your implied claims in this thread.
- scarface_74 2y agoI mean this is simple English. I say I want to do one thing. But I do another. Which evidence do give more credence to?
- dahart 2y agoYou can say and do and give your own credence to whatever you want, but the evidence you are providing repeatedly is that you don’t understand what the economic concept of revealed preference actually is. If you did understand what revealed preference theory is trying to do, and how, then you’d understand why your “simple English” rhetorical question isn’t asking a useful or economically valid question.
- scarface_74 2y agoI mean you are the one that needs a “study” to show what’s really common sense. Believe what people do and not what people say.
- dahart 2y agoWho said anything about a study? No study is needed to see that you obviously don’t understand what revealed preference means, you are contradicting the definition of the economic term. Take your question. The reason someone might do something different from what they said could be due to anything, such as constraints like cost, time, or availability. It could be due to changing circumstances, or someone else’s preferences. Any given answer to your question cannot be used to infer anything about preference, and assuming it does means you’re not thinking scientifically. Revealed preference theory is trying to demonstrate what can be proven about preference, which is why it requires a situation where someone spends money on a mutually exclusive choice between two things that are close enough to be an apples to apples comparison. If you don’t do that, then you’re fooling yourself about what the data means.