Kawoomba, judging from my conversations with him, believes that stated preferences are all there is. When you convince someone they were wrong, their terminal values change. So naturally he views this prospect as rather more common, and undervalued.
Kawoomba, judging from my conversations with him, believes that stated preferences are all there is. When you convince someone they were wrong, their terminal values change. So naturally he views this prospect as rather more common, and undervalued.