Alex Halloran

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The second problem with revealed preference is that it assumes we actually consider the alternatives. Having more choices comes with a cost: we have to spend our precious time and mental energy searching through them. If you use most of your brain juice choosing between the huge array of products offered up by consumer capitalism, there’s not much left over for making the decisions that actually matter.
Optionality: How to Survive and Thrive in a Volatile World
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