Unveiling the Gap: Why Your Choices Don't Always Reflect Your True Desires
Revealed preferences, which are what we show through our actions, don't always match our true preferences. Factors like passive choices, complexity, and marketing can lead to this mismatch. Researchers have identified ways to figure out our real preferences, like looking at our active decisions and reported preferences. By studying savings and investments, they found that what we do doesn't always reflect what we really want.