Values, Preferences, and Meaning

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Abstract
Many fields (social choice, welfare economics, recommender systems) assume people express what benefits them via their 'revealed preferences'. Revealed preferences have well-documented problems when used this way, but remain fundamental to these fields because, as an information source, they are a *private*, *local*, *verifiable*, *fine-grained*, *battle-tested*, and *easily-expressed*. Alternative sources (about participants' values, capabilities and functionings, etc) can't compete. Or can they?
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First archival date: 2021-06-09
Latest version: 3 (2021-06-10)
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2021-06-09

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