Rationalization

Vadim Cherepanov*, Timothy Feddersen, Alvaro Sandroni

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

63 Scopus citations

Abstract

In 1908, the Welsh neurologist and psychoanalyst 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.

Original languageEnglish (US)
Pages (from-to)775-800
Number of pages26
JournalTheoretical Economics
Volume8
Issue number3
DOIs
StatePublished - Sep 2013

Keywords

  • D01
  • Rationalization
  • Revealed preferences

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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