Rational choice theory uses a narrower definition of rationality. At its most basic
level, behavior is rational if it is ...
Rational choice theory is an economic principle that states that individuals
always ... For example, the field of behavioral economics is based on the idea
Definition of rational choice: General: Best possible (optimized) decision, from the
point of view of the decision maker.
Definition: Rational choice theory argues that social systems are organized in
ways that structure the alternatives and consequences facing individuals so that ...
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.
Jan 3, 2007 ... theory is known as rational choice theory, and its application to social .... Both
money and approval are general means of exchange in social ...