Economics Dictionary of ArgumentsHome
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| Rational choice: Rational choice in economics is the idea that individuals make decisions by weighing the costs and benefits of each option and choosing the option that they believe will maximize their own utility. Rational choice theory is based on the assumption that individuals are rational actors who are motivated by self-interest. See also Rationality, Utility, Benefit, Actions, Action theory._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Political Economy on Rational Choice - Dictionary of Arguments
Mause I 62 Rational decisions/rational choice/VsEconomic Theory/VsPolitical Science/Political Economy: Economically oriented political science was confronted with problems because it initially assumed that the actors had complete information. Problem: the empirical significance of this approach is limited, since due to the axiomatics (individuals act rationally) every action must necessarily provide the greatest benefit to an actor.(1)(2) >Utility, >Axiomatic Utility theory, >Axioms, >Axiom Systems. 1. D. P. Green, I. Shapiro, Pathologies of rational-choice theory. A critique of applications in political science. New Haven 1994 2. J. S. Coleman,Th.J. Fararo (Eds) Rational-choice theory. Advocacy and critique. Newbury Park 1992._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Political Economy Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments in relation to Rational Choice
