Revealed-Preference

Posts tagged with revealed-preference.

Posts

• Opportunity Cost - Hidden dimension behind every sacrifice: opportunity cost. Definition: Value of next-best al
• Sacrifice as Signal - To know what someone values, watch what they sacrifice. Value = pattern of behavior, not feeling
• Willing and Able - Refinement of “sacrifice as signal”: Sacrifice must be both willed and within one’s power.
• Axiocracy - This foundational essay introduces “axiocracy”—a proposed governance system based on revealed prefer