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Justifying Choices by Choosing the Appropriate Set of Options (in Persian)

Author

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  • Pahlevan Yazdanabad, Hadi

    (Institute for management and planning studies)

Abstract

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.

Suggested Citation

  • Pahlevan Yazdanabad, Hadi, 2024. "Justifying Choices by Choosing the Appropriate Set of Options (in Persian)," The Journal of Planning and Budgeting (٠صلنامه برنامه ریزی Ùˆ بودجه), Institute for Management and Planning studies, vol. 29(1), pages 3-20, May.
  • Handle: RePEc:auv:jipbud:v:29:y:2024:i:1:p:3-20
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    More about this item

    Keywords

    Justification Constraint; Cognitive Constraint; Revealed Preferences; Rational Behavior; Justifiable Choice; Two Stages Choice.;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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