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Monday, March 24, 2014

 

Revealed Preference


John Derbyshire @ Taki's magazine

There is a term of art in economics that I like: “revealed preference.” The root idea is: Never mind what people say they prefer, or what some pure-reason formula proves they should prefer, but what their behavior shows they actually prefer.

The revealed preference of hatewatchers is to live among white people. The aforementioned Tim Wise allegedly lives in census tract 134 west of Nashville, Tennessee: 97% white, 0% black. I can’t discover the census tract of Morris Dees, proprietor of the $PLC, but to judge from the interior of his home somewhere around Montgomery, Alabama, I’m betting it’s not tract 12 (0% white, 98% black).

... If you put it to them that population A has homicide rate x while population B has homicide rate ten times x and ask them which group they’d choose to live among, they ask: “What about Trayvon Martin?”

Concerning which group they actually do choose to live among, see previous item.

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