Rationalization

Vadim Cherepanov (), Timothy Feddersen () and , ()
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Vadim Cherepanov: Department of Economics, University of Pennsylvania
Timothy Feddersen: MEDS Department, Kellogg School of Management, Northwestern University
,: MEDS Department, Kellogg School of Management, Northwestern University

Theoretical Economics, 2013, vol. 8, issue 3

Abstract: 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.

Keywords: Rationalization; revealed preferences (search for similar items in EconPapers)
JEL-codes: D01 (search for similar items in EconPapers)
Date: 2013-09-18
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