Next best exponential DAC quality level?

Person1: But what about my choice

Person2: Science cannot measure that - so it is irrelevant

Preferences may be observed and measured in the context of which you talk about. Person 2 is possibly incorrect in the observation and any conclusion drawn from that can be doubted..

A fellow called Paul Samuelson proposed something about revealed preferences. It has taken on a few forms, none of which are without criticism (and that's fine), but its nevertheless illustrative.

I won’t go into details, but Wiki provides its usual barely friendly word salad.

@noske, that is really interesting. I have seem what I assume are related concepts in economic classes long ago, but don't remember this.

@cindyment yeah, and I like how its called GARP...cool.

Despite it involving fairly standard ideas (utility, indifference curves etc), it does have some issues including those mentioned in as few words as possible in the Wiki link. Whenever someone like Hal Varian becomes interested you know its graduate level complexity.

Also, it suggests issues that are being explored at a variety of levels which some correctly say diverges too far from classical economics, like the recent popularity of nudge theory in behavioral economics.

I guess what my point was that consumer preferences may be measured, analysed and squeezed at the most micro and personal of levels - AI and neural networks, eh? Ask the elites at Amazon, Facebook, and at a basic level maybe some way too close to home to even mention......

This forum could benefit from an ignore button.  If nothing else, it would give those who cannot keep from feeding the self-inflated profiles an option and are unable to just keep scrolling.  Its really very simple.

The one way streets never change.  Its a fruitless endeavor