AbstractIn 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.
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Bibliographic InfoArticle provided by Econometric Society in its journal Theoretical Economics.
Volume (Year): 8 (2013)
Issue (Month): 3 (September)
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Web page: http://econtheory.org
Rationalization; revealed preferences;
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- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
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