Rational choice theory uses a narrower definition of rationality. At its most basic
level, behavior is rational if it is ...
What is the 'Rational Choice Theory'. An economic principle that assumes that
individuals always make prudent and logical decisions that provide them with the
Definition of rational choice: General: Best possible (optimized) decision, from the
point of view of the decision maker.
web.stanford.edu/~jdlevin/Econ 202/Choice Theory.pdf
These notes outline the standard economic model of rational choice in decision-
making. In the standard view, rational choice is defined to mean the process of.
Jan 23, 2015 ... Rational Choice Theory Defined. States and most other international 'actors,' like
intergovernmental organizations, nongovernmental ...
The best known example of rational choice theory is Adam Smith's theory of the
division of labor from the introduction to the Wealth of Nations (1776), in which ...
Rational choice theory (RCT) theorists believe that most human decisions are
based on maximizing a person's own benefits, while minimizing that which can ...
Swap meets are an example of rational choice theory. When you go to them, you
are likely to choose to buy items that are in your own self-interest. Furthermore ...
May 11, 2002 ... I then consider several issues raised by rational choice theory. First, I compare
the limited meaning of “rationality” in rational choice theory with ...
extent that law and economics used rational choice theory as its principal ...
There is no widely accepted definition of rational choice theory, but there are.