Revealed Preference

Revealed preference—watch what people do, not what they say

I recently learned a new term what economist call "revealed preference". This came about as I've been struggling in how to write a mission and values statement for my next venture.

I have known for a long time that it is important to do what I say I will do. But I also think that there is a place to formally spend time in writing out a mission values statement. But I need to keep in mind that all mission statements look the same to the reader.

I will still hold that writing out a mission and values statement can be beneficial for myself and the team.