Revealed vs Stated (Including Falsified) Preferences

This week we discuss the difference between stated and revealed preferences. How do economists and politicians use preferences to form policy and should they ignore stated preferences altogether?

We also delve deeply into falsified preferences, a particular type of stated preference, and how we are all threatened by the psychology of this phenomenon and it’s effects on free speech.

Photo by Daniele Levis Pelusi on Unsplash

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