Economics Dictionary of Arguments

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 Rational Choice - Economics Dictionary of Arguments
 
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.
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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.
 
Author Item    More concepts for author
Forbes, H. Donald Rational Choice   Forbes, H. Donald
Gauthier, David Rational Choice   Gauthier, David
Kahneman, Daniel Rational Choice   Kahneman, Daniel
Olson, Mancur Rational Choice   Olson, Mancur
Political Economy Rational Choice   Political Economy
Public Choice Theory Rational Choice   Public Choice Theory
Rawls, John Rational Choice   Rawls, John
Simon, Herbert A. Rational Choice   Simon, Herbert A.
Thaler, Richard Rational Choice   Thaler, Richard
Tullock, Gordon Rational Choice   Tullock, Gordon

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Ed. Martin Schulz, access date 2024-03-28