Volume 29, Issue 1 (Spring 2024)
JEPR 2024, 29(1): 3-20 |
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Pahlevan Yazdanabad H. (2024). Justifying Choices by Choosing the Appropriate Set of Options. JEPR. 29(1), 3-20. doi:10.61186/jpbud.29.1.3
URL: http://jpbud.ir/article-1-2291-en.html
URL: http://jpbud.ir/article-1-2291-en.html
Institute for management and planning studies , h.pahlevan@imps.ac.ir
Abstract: (1149 Views)
Individuals often use justification and find reasons in order to justify their choices both for themselves and for others. They use justification not only by choosing the options in each set but also by choosing the right set. The aim of this paper is to present a model that incorporates the above feature in individual's decision making. We argue that if inferring the preference is the only purpose, our model has more advantages than exiting models. Finally, for the model to be testable, we present its characterizing axiom and show that it is the necessary and sufficient condition for the new model.
Keywords: Justification Constraint, Cognitive Constraint, Revealed Preferences, Rational Behavior, Justifiable Choice, Two Stages Choice.
Type of Study: Research |
Subject:
Microeconomics
Received: Jun 08 2024 | Accepted: Jul 02 2024 | ePublished: Sep 09 2024
Received: Jun 08 2024 | Accepted: Jul 02 2024 | ePublished: Sep 09 2024
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