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Rationalization

Vadim Cherepanov, Timothy Feddersen, Alvaro Sandroni
In 1908 the Welsh neurologist and psychoanlayst Ernest Jones described human beings as rationalizers whose behavior is governed by "the necessity of providing an explanation." We construct a formal and testable model of rationalization in which a decision maker selects her preferred alternative from among those that she can rationalize.
Year of publication:
September 2013
Authors: Cherepavov, Vadim ; Feddersen, Timothy J. ; Sandroni, Alvaro
Published in:
Theoretical economics : TE ; an open access journal in economic theory. - Toronto : [Verlag nicht ermittelbar], ISSN 1555-7561, ZDB-ID 2220447-7. - Vol. 8.2013, 3, p. 775-800
Subject: Rationalization | revealed preferences | Offenbarte Präferenzen | Revealed preferences | Theorie | Theory | Rationalität | Rationality | Rationierung | Rationing
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