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.
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.