Episode 290: Loan Forgiveness and Lying to Pollsters
Words & Numbers
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Consumer Psychology Teases Out the Truth
There's no way that we can study human beings and come up with definitive answers regarding how they're going to behave because human beings lie all the time. I do a lot of research in consumer psychology. And the same problem there, if you ask them questions, they'll give you answers. They aren't necessarily correct. In economics, we have a name for this: revealed preference. That is revealing what you prefer by your actions.
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