No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, September 13, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

The Prevalence of Preference Falsification

by TheAdviserMagazine
1 week ago
in Economy
Reading Time: 4 mins read
A A
The Prevalence of Preference Falsification
Share on FacebookShare on TwitterShare on LInkedIn


The title of this post is a nod to Timur Kuran’s book Private Truths, Public Lies: The Social Consequences of Preference Falsification. This book examines the disconnect between what people say they believe publicly and what they believe privately. As Kuran puts it,

The preference that our individual ends up conveying to others is what I will call his public preference. It is distinct from his private preference, which is what he would express in the absence of social pressures. By definition, preference falsification is the selection of a public preference that differs from one’s private preference.

This turns out to be an issue of some significance. Political scientists or policymakers may collect data on expressed public opinion to try to inform their own decisions, but expressed public opinion can be very different from the actual opinions of the members of the public. Something can hold broad support according to “public opinion,” yet actually be opposed by the vast majority of individual members of the public, when circumstances that create pressure for preference falsification are in place. When this happens, unpopular ideas and policies can be perpetuated by an illusory popular demand.

Recently, researchers at Northwestern University tried to get a sense of how common this phenomenon is among college students. They conducted confidential interviews with 1,452 students at Northwestern and the University of Michigan. They found that preference falsification is shockingly common:

We asked: Have you ever pretended to hold more progressive views than you truly endorse to succeed socially or academically? An astounding 88 percent said yes.

They also touch on how many students engage in preference falsification on specific issues:

Seventy-eight percent of students told us they self-censor on their beliefs surrounding gender identity; 72 percent on politics; 68 percent on family values. More than 80 percent said they had submitted classwork that misrepresented their views in order to align with professors…

Perhaps most telling: 77 percent said they disagreed with the idea that gender identity should override biological sex in such domains as sports, healthcare, or public data — but would never voice that disagreement aloud.

It’s easy to underestimate just how powerful a force the fear of social ostracism can be. In his book The Happiness Hypothesis: Finding Modern Truth in Ancient Wisdom, Jonathan Haidt describes an experience he had horseback riding:

There was, however, one difficult moment. We were riding along a path to a steep hillside, two by two, and my horse was on the outside, walking about three feet from the edge. Then the path turned sharply to the left, and my horse was heading straight for the edge. I froze. I knew I had to steer left, but there was another horse to my left and I didn’t want to crash into it. I might have called out for help, or screamed “Look out!”; but some part of me preferred the risk of going over the edge to the certainty of looking stupid. So I just froze.

Haidt was faced with a situation where, on the one hand, he faced the risk of almost certain death if he did nothing, and on the other hand, if he did something, people might laugh at him, and in a moment ruled by his deepest and most primal instincts, he decided the second of those two was the bigger concern. While this seems absurd in a detached perspective, it makes a certain degree of sense when examined in light of the world in which we live. We are social primates, and historically our survival has depended critically on getting along with our tribe and being held in good standing.

For the vast majority of our time as a species, social exclusion was a death sentence — and we evolved powerful social instincts that make us fear rejection and exclusion. Even when a point of view is privately held by the majority of people, this fact can remain hidden if people even worry that expressing that view will lead to them being ostracized by the community.

This is one reason why free speech is important as more than just a legal framework (though that is critical). In order to gain the benefits of free speech, open inquiry, and truth-seeking debate, the legal structures of free speech are a necessary but not sufficient condition. A culture of free speech, where it’s recognized that someone can be tragically wrong on issues of great importance while still being a good person (and that you might be such a person yourself!), and that mistaken views should be debated without shunning those who hold them, is also needed. In his book The Road to Serfdom, F. A. Hayek was clear about how disastrous he believed central economic planning would be. But he also made clear he believed the ideas he criticized were advocated by “authors whose sincerity and disinterestedness are above suspicion.”

This isn’t to say that a culture of free speech is entirely without downside — but then again, nothing is. However, both a legal framework and a culture of free speech are the only tools that can enable a social order to break free from a socially damaging equilibrium brought on by preference falsification.

 

As an Amazon Associate, Econlib earns from qualifying purchases.



Source link

Tags: FalsificationPreferencePrevalence
ShareTweetShare
Previous Post

Weekend Reading For Financial Planners (September 6–7)

Next Post

Discount stores Dollar Tree (DLTR) and Dollar General (DG) stand strong in a dynamic landscape

Related Posts

edit post
Coffee Break: Vaccine “Side Effects,” Outdated Theory of Disease, “Life” on Mars, and More on Liberalism

Coffee Break: Vaccine “Side Effects,” Outdated Theory of Disease, “Life” on Mars, and More on Liberalism

by TheAdviserMagazine
September 12, 2025
0

Part the First: Unintended Side Effects of Vaccines.  From Science-Based Medicine this week: Unintended Side Effects HPV and Shingles Vaccines—Reason...

edit post
Good Foundations – Econlib

Good Foundations – Econlib

by TheAdviserMagazine
September 12, 2025
0

In the Christian Bible, there is a parable of two builders.  One built his house on stone and the other...

edit post
September 12, 2001: Looking Back Ten Years

September 12, 2001: Looking Back Ten Years

by TheAdviserMagazine
September 12, 2025
0

The infamous 9/11 attacks took many Americans completely by surprise and seemed to come out of the “clear blue sky.”...

edit post
UK economy stalls in July, as slowdown sets in

UK economy stalls in July, as slowdown sets in

by TheAdviserMagazine
September 12, 2025
0

A road closure sign leans against a wall outside Royal Exchange in the heart of the City of London, on...

edit post
Poland Sends 40,000 Troops To The Border

Poland Sends 40,000 Troops To The Border

by TheAdviserMagazine
September 12, 2025
0

Poland is deploying about 40,000 soldiers on the borders with Belarus and Russia amid rising tensions after the Russian drone...

edit post
Market Talk – September 11, 2025

Market Talk – September 11, 2025

by TheAdviserMagazine
September 11, 2025
0

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 534.83 points or 1.22% to...

Next Post
edit post
Discount stores Dollar Tree (DLTR) and Dollar General (DG) stand strong in a dynamic landscape

Discount stores Dollar Tree (DLTR) and Dollar General (DG) stand strong in a dynamic landscape

edit post
Coffee Break: Make Polio Great Again, CDC, Institutions and Civilization, and How Animals Emerged

Coffee Break: Make Polio Great Again, CDC, Institutions and Civilization, and How Animals Emerged

  • Trending
  • Comments
  • Latest
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a  cheesesteak every 58 seconds

Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a $12 cheesesteak every 58 seconds

August 30, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
The Next Step: Millionaire store clerk eyes early retirement

The Next Step: Millionaire store clerk eyes early retirement

August 15, 2025
edit post
Crypto exchange Gemini prices IPO above range to raise 5 million

Crypto exchange Gemini prices IPO above range to raise $425 million

0
edit post
5 Pharmacies That Offer Prescriptions for  a Month — or Less

5 Pharmacies That Offer Prescriptions for $4 a Month — or Less

0
edit post
The Complete Tax Planning Guide for Parents I TaxAct

The Complete Tax Planning Guide for Parents I TaxAct

0
edit post
Book Review: What I Learned about Investing from Darwin

Book Review: What I Learned about Investing from Darwin

0
edit post
Trump’s tariffs are slowly finding their way into consumer prices

Trump’s tariffs are slowly finding their way into consumer prices

0
edit post
Vader launches EgoPlay closed beta for gamified smart glasses tasks

Vader launches EgoPlay closed beta for gamified smart glasses tasks

0
edit post
UK turns to British royals, once heads of the largest empire, to soothe Trump, the most powerful person in the world

UK turns to British royals, once heads of the largest empire, to soothe Trump, the most powerful person in the world

September 12, 2025
edit post
Bitcoin Treasury Holdings Cross 3 Billion, Who Are The Major Stakeholders?

Bitcoin Treasury Holdings Cross $113 Billion, Who Are The Major Stakeholders?

September 12, 2025
edit post
One of the most common reasons that AI products fail? Bad data

One of the most common reasons that AI products fail? Bad data

September 12, 2025
edit post
BlackRock’s Rieder latest candidate to interview in Fed chair search

BlackRock’s Rieder latest candidate to interview in Fed chair search

September 12, 2025
edit post
BlackRock Dumps Ethereum, Buys 6M in Bitcoin

BlackRock Dumps Ethereum, Buys $366M in Bitcoin

September 12, 2025
edit post
Roundup: Fed Countdown, AI Stock Bubble, Job-Hugging and More

Roundup: Fed Countdown, AI Stock Bubble, Job-Hugging and More

September 12, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • UK turns to British royals, once heads of the largest empire, to soothe Trump, the most powerful person in the world
  • Bitcoin Treasury Holdings Cross $113 Billion, Who Are The Major Stakeholders?
  • One of the most common reasons that AI products fail? Bad data
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.