Comment of the Week, 2003-05-16
By Arnold Kling
On the topic of revealed preference, David Thomson writes,
Human beings are neither existentially [n]or psychologically able to endure lives of everyday indolence and unrelenting pleasure seeking.
That sounds like the introductory sentence for a thesis in behavioral economics. For conventional economists, the question is whether or not you can treat people as if they seek “everyday indolence and unrelenting pleasure seeking.”
To continue the discussion, return to the original thread.