Results 111 to 120 of about 95,471 (158)
Some of the next articles are maybe not open access.
Rational Choice and Rational Expectations
2017The theory of rational choice assumes that when people make decisions they do so in order to maximize their utility. In order to achieve this goal they ought to use all the information available and consider all the options available to select an optimal choice.
Tshilidzi Marwala, Evan Hurwitz
openaire +1 more source
The Rationality of Rational Choice Theory
International Interactions, 2004Rational choice theory has long been criticized, with several recent critiques of applications in political science in general and international relations in particular. In this paper, I seek to clarify discussion about rationality in several ways. I discuss the role of assumptions in theory and the assumption of rationality in rational choice theory ...
openaire +1 more source
how rational is rational choice?
European Political Science, 2004A joke about economists can also be applied to theorists: ‘A theorist is someone who cannot see something working in practice without asking whether it would work in theory’. Less strange but more problematic is the case in which something works in theory but not in practice.
openaire +1 more source
Rational Choice and Rational Cognition
Legal Theory, 1997There is a close but largely unexplored connection between law and economics and cognitive psychology. Law and economics applies economic models, modes of analysis, and argument to legal problems. Economic theory can be applied to legal problems for predictive, explanatory, or evaluative purposes.
openaire +1 more source
Inquiry@Queen's Undergraduate Research Conference Proceedings, 2017
This presentation aims to explore the ubiquity of rationality in how people make choices. Historically, rationality has been conceived of as a scheme of certain values and beliefs, most often those that are compatible with a 'scientific way of thinking'.
openaire +1 more source
This presentation aims to explore the ubiquity of rationality in how people make choices. Historically, rationality has been conceived of as a scheme of certain values and beliefs, most often those that are compatible with a 'scientific way of thinking'.
openaire +1 more source
Rationalizing Boundedly Rational Choice [PDF]
, 2004 A Rational Shortlist Method (RSM) translates into economic language some sequential choice heuristics studied in psychology. We show that the use of this boundedly rational procedure can be detected from observed choice data through tests that are very similar to those used to detect `rational' choice (such as Samuelson's WARP).
Paola Manzini, Marco Mariotti
openaire
Rational Choice and Bounded Rationality
2017This chapter presents a brief exposition of consumer decision making. It begins by emphasizing the two major forces that frame consumer decisions, namely, the goals humans strive to attain in the marketplace and the resources they have to exchange for goods and services that achieve those goals.
openaire +1 more source
2006
Decision making is a critical function of management. Managers are required to make decisions such as who should their suppliers be, what price should they set for their products, and should they invest in new accounting software. This chapter introduces the rational choice theory (RCT) as a basis for understanding how and why such choices are made in ...
Moll, Jodie, Hoque, Zahirul
openaire +2 more sources
Decision making is a critical function of management. Managers are required to make decisions such as who should their suppliers be, what price should they set for their products, and should they invest in new accounting software. This chapter introduces the rational choice theory (RCT) as a basis for understanding how and why such choices are made in ...
Moll, Jodie, Hoque, Zahirul
openaire +2 more sources
Are Economists Rational? On the Rationality of the 'Rational Choice' Paradigm
2009Today, an overwhelming part of academic analysis is based on the rational choice paradigm. This is true, in particular, for theoretical analyses; but it also holds for empirical analyses as far as they are based on a structural model. It also holds in spite of the existence of the behavioral economics paradigm.
openaire +3 more sources