Preference revelation
Topics referred to by the same term / From Wikipedia, the free encyclopedia
In economics, preference revelation can refer to several closely-related concepts:
- The preference revelation problem, the key problem of mechanism design
- The revelation principle, that a truthful mechanism always exists
- Incentive compatible revelation of preferences
- Revealed preference, the idea that a person's actions reflect their desires
- Contingent valuation, the use of surveys to identify preferences not revealed by market mechanisms
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