Stated Vs. Revealed Preference

Ok, so there’s this deal with the way we do with things.  We say we want X, then we act in method Y, what gives?  If we say we want to lose ten pounds, then order the double cheeseburger and the Oreo ice-cream dessert, doesn’t that leave one questioning.  Economics is calls this concept – Stated vs. Revealed Preference.  Ever had the above conversation?

What a genius idea!!!  I watched this highlight last night on television, immediately looked up their blog and had a bigger laugh at this “he said/ she said argument” about dinner.  Must watch the video above.

Find the book here.

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