You are aware of the difference between expressed preferences and revealed preferences, yes? It doesn’t seem to me that sticking with expressed preferences has much to do with rationality.
I prefer to work under the assumption that some human actions are irrational, not just revealed preferences. Mostly because “revealed preferences” feels like a curiosity stopper, and researching specific kinds of irrationality (biases) is so fruitful in comparison.
I prefer to work under the assumption that some human actions are irrational, not just revealed preferences.
Huh? Both expressed and revealed preferences might or might not be rational. There’s nothing about revealed preferences which makes them irrational by default.
feels like a curiosity stopper
Nobody’s telling you to stop there. Asking, for example, “why does this person have these preferences and is there a reason they are not explicit?” allows you to continue.
You are aware of the difference between expressed preferences and revealed preferences, yes? It doesn’t seem to me that sticking with expressed preferences has much to do with rationality.
I prefer to work under the assumption that some human actions are irrational, not just revealed preferences. Mostly because “revealed preferences” feels like a curiosity stopper, and researching specific kinds of irrationality (biases) is so fruitful in comparison.
Huh? Both expressed and revealed preferences might or might not be rational. There’s nothing about revealed preferences which makes them irrational by default.
Nobody’s telling you to stop there. Asking, for example, “why does this person have these preferences and is there a reason they are not explicit?” allows you to continue.