Alaoui, LarbiPenta, Antonio2022-12-202022-12-202022Alaoui L, Penta A. Cost-benefit analysis in reasoning. Journal of Political Economy. 2022 Apr;130(4):881-925. DOI: 10.1086/7183780022-3808http://hdl.handle.net/10230/55197An individual’s decision to reason about a problem may involve a trade-off between cognitive costs and a notion of value. This paper analyzes the primitive properties that must hold for the decision to stop thinking to be represented by a cost-benefit analysis. We then provide additional properties that give more structure to the value of reasoning function. We show how our model applies to a variety of settings, including contexts involving R&D applications, response time, and strategic reasoning. Our model can also be used to understand patterns of behavior for which the cost-benefit approach does not seem to hold.application/pdfeng© 2022 The University of Chicago. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0), which permits non-commercial reuse of the work with attribution.RaonamentCognicióBeneficisEconomiaCost-eficàciainfo:eu-repo/semantics/articlehttp://dx.doi.org/10.1086/718378info:eu-repo/semantics/openAccess