Talk:Demonstrated preference

Economics Joke #l

This should be added to the entry...

Economics Joke #l: Two economists walked past a Porsche showroom. One of them pointed at a shiny car in the window and said, "I want that." "Obviously not," the other replied. - David D. Friedman, How Economists Think

--Xerographica (talk) 20:17, 30 November 2012 (UTC)

Buchanan vs Samuelson - Please Read

BEFORE you make a substantial edit to this article...in order for your edit to actually be constructive...you have to actually understand the concept. In order to actually understand the concept you have to read the debate between Buchanan and Samuelson as Maricano relates in this paper... Why markets do not fail. Buchanan on voluntary cooperation and externalities. Once you've read that...then please read Ginsburg's and Wright's paper...Behavioral Law and Economics: Its Origins, Fatal Flaws, and Implications for Liberty. Then, and only then, can we have a constructive discussion, based on RS, on how to improve this entry. --Xerographica (talk) 17:07, 8 January 2013 (UTC)

Xerographica

The content which I deleted is not in the form of an encyclopedia article or exposition of Demonstrated Preference. Rather it is, as titled, a collection of anecdotal assertions and reflections. I deleted it because it does not conform to the mandated form or content of a Wikipedia article. Moreover as I said in the edit comment there is no indication in the material that its sources were referring to or even aware of "demonstrated preference." If you have broader knowledge of this subject and are able to re-cast this material or add other material properly cited in the form of a descriptive article, please do so -- your contribution would be welcome. Otherwise this content cannot remain in its current form. Thanks.'''SPECIFICO''' (talk) 17:29, 8 January 2013 (UTC)

Revealed preference

What's the difference between this and revealed preference? Volunteer Marek 06:11, 31 January 2013 (UTC)

User:Xerographica/Preference_revelation --Xerographica (talk) 06:18, 31 January 2013 (UTC)

Can you answer the question? Volunteer Marek 06:27, 31 January 2013 (UTC)

In the private sector...our spending decisions reveal our preferences. "Preference" is another word for "demand". Because we can't shop for ourselves in the public sector...the government has no way of knowing how much of each public good to supply. Numerous economists have tried to figure out how to "divine" the true preferences of the public in order for the government to determine the optimal supply of public goods. They have all tried to solve the preference revelation problem. Samuelson's revealed preference theory is his attempt to guess/predict/calculate your true preferences BEFORE you make a spending decision...while demonstrated preference is the general concept that your true preferences can only be revealed AFTER you spend your time/money on something. --Xerographica (talk) 06:39, 31 January 2013 (UTC)

revealed preference has been repurposed by Masalih (talk · contribs) to be the theory behind preference revelation. It used to be the case that revealed preference differed only from demonstrated preference in that the preference is not presumed to be static. — Arthur Rubin (talk) 07:18, 31 January 2013 (UTC)

The first sentence of revealed preference is...Revealed preference theory, pioneered by American economist Paul Samuelson, is a method for comparing the influence of policies on consumer behavior. Revealed preference theory IS Samuelson's very notable theory. As far as I can tell...the article has not be repurposed for a more general discussion of the topic nor should it be. --Xerographica (talk) 07:27, 31 January 2013 (UTC)

Your personal talk page definition of 'demonstrated preference' is just exactly the definition of revealed preference, minus your weaselly attempt to associate it purely with prediction (rather than observation). Revealed preference allows you to identify unobserved preferences based on observed choices. -An Economist 24.61.40.129 (talk) 19:04, 2 February 2013 (UTC)

If you're going to say that you're an economist...if you're going to throw out an appeal to authority...then please don't half ass it. Link me to your website and prove that it's yours. Let me judge for myself exactly how much of an authority you truly are on the subject. The thing is...I love reading what the experts have to say about subjects...which is why I'm fairly confident of my own perspective on the subject. Am I 100% on the details? Certainly not...but I'm close enough to know that Samuelson was willing to, as Hayek said, "assume the problem away and to disregard everything that is important and significant in the real world." Buchanan, Friedman, Hayek and numerous other economists were not willing to make those same "conceited" assumptions...User:Xerographica/The Fatal Conceit. --Xerographica (talk) 19:31, 2 February 2013 (UTC)

Calling something 'conceited,' and dropping an inane quote, doesn't make it so. I'm sorry you've been brainwashed by mises.org, but that doesn't mean Wikipedia has to suffer for it. The fact that the Revealed preference page, which is about a serious, important concept, links to this garbage page is a real sad indicator about the quality of Wikipedia pages about economics. 24.61.40.129 (talk) 21:58, 2 February 2013 (UTC)

AfD for Demonstrated preference ?

I raised the possibility of an AfD for this article here [1] SPECIFICO talk 04:23, 2 February 2013 (UTC)