Then that's an entirely different point. There are many reasons why small phones don't sell well. There's the changing market in which a phone is the primary computer for many people. There's incomplete information, as the tethers in a showroom prevent you from holding a phone one-handed, or noticing that it is too big to fit in your pocket. There's a potential for decreased design costs, as a larger space provides more options for how the phone's internals can be arranged.
But calling those "revealed preferences" is a sleight-of-hand. It takes all those external factors and treats them as something intrinsic about the buyer, to be "revealed" by the market. The term itself is a lie.
But calling those "revealed preferences" is a sleight-of-hand. It takes all those external factors and treats them as something intrinsic about the buyer, to be "revealed" by the market. The term itself is a lie.