My point is that the difficulty lies in determining the benefit that a single person derives of a given allocation. Our preferences are generally not stable, subject to framing and numerous other biases (see Ariely’s experiment on reading poetry), and even unknowable (see Infante et al paper – don’t have the reference handy but let me know if you can’t find it; it’s also in my Medium story about preferences some time in the Spring).

Accidental behavioural economist in search of wisdom. Uses insights from (behavioural) economics in organization development. On Twitter as @koenfucius

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