By definition, what people optimize for IS utility. People are broken; It's not mis-optimizing, it's mis-wanting!https://twitter.com/davidmanheim/status/653992257108901888 …
@ConnorFlexman Most microeconomic theorists make the assumption that revealed preference IS utility. So it's not MY definition, but yes.
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@ConnorFlexman I'm not claiming that it's the best definition to use for decisions, so it's certainly not a normative claim. -
@MakerOfDecision This seems more like an oft-used economic heuristical definition though, right? Intuition pumps etc mean it isn't true def? - 11 more replies
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