The concept of rationality used in rational choice theory is different from the
colloquial and most philosophical use of the ...
Rational choice theory is an economic principle that states that individuals
always make prudent and logical decisions. These decisions provide people with
Definition of rational choice: General: Best possible (optimized) decision, from the
point of view of the decision maker.
Definition of rational choice theory (RCT): Attempts to explain all (conforming and
deviant) social phenomenon in terms of how self-interested individuals make ...
Definition of rational choice and related terms and concepts.
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 ...
Jan 23, 2015 ... Video: Rational Choice Theory: Definition & Principles. When we get down to it,
states can only act through people. Consequently, if we want to ...
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.
This way of thinking is called rational choice theory. ... that they want, they must
make choices related to both their goals and the means for attaining those goals.