The Meaning of Rational Choice Theory. Rational choice theory (RCT) theorists believe that most human decisions are based on maximizing a person's own benefits, while minimizing that which can ...

Rational choice theory, since it tries to model the general behaviour of individuals within any particular society, can be used to explain wider phenomena across any society.

Many philosophers, sociologists, and political scientists have claimed that rational choice theory can provide the basis for a unified and comprehensive theory of social behavior The purpose of this ...

“Rational choice has come quite a way,” a Stanford University professor, Barry Weingast, said. “Thirty years ago, it was far outside the mainstream in political science in almost every respect.” Mr.

This paper examines the implications of the Rational Choice Theory (RCT) as the model of decision-making in economics and politics. The model considers a decision to be rational if its benefits exceed ...

And three, the twilight of rational choice theory and the reemergence of group selection—this part, which will be clearly explained, prepares the way for us to think about the city, cooperation ...

The paradox of rationality is the empirical observation that players who make irrational choices often receive better payoffs than those making rational choices.

Rational expectations theory proposes that outcomes depend partly upon expectations borne of rationality, past experience, and available information.