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utility functions, this model applies the revealed preference theory. In his original paper, Turnbull established several … simple because we demonstrated that the GARP axiom used in the revealed preference theory is equivalent to a simple equation …
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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...
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