We thank the co-editor, Bart Lipman, and two anonymous referees for useful comments and suggestions. We also thank Eddie Dekel, Jennifer Jordan, Paola Manzini, Marco Mariotti, Herve Moulin, Efe Ok, Nicola Persico, Charlie Plott, Scott Presti, Yuval Salant, Yves Sprumont, and Marciano Siniscalchi for useful comments. Sandroni gratefully acknowledges financial support from the National Science Foundation Grant 0922404. All errors are ours.
Article first published online: 18 SEP 2013
Copyright © 2013 Vadim Cherepanov, Timothy Feddersen, and Alvaro Sandroni
Volume 8, Issue 3, pages 775–800, September 2013
How to Cite
Cherepanov, V., Feddersen, T. and Sandroni, A. (2013), Rationalization. Theoretical Economics, 8: 775–800. doi: 10.3982/TE970
- Issue published online: 18 SEP 2013
- Article first published online: 18 SEP 2013
- Submitted 2011-3-23. Final version accepted 2012-10-1. Available online 2012-10-2.
- revealed preferences
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.