Rational Choice Theory,
(or Rational Action Theory or Choice Theory) is a theoretical
framework for understanding and often formally modeling social and economic
behavior.
At the
same time, Rational Choice Theory
is also central to some of modern political science, sociology, and philosophy.
In this
theory the rationality, interpreted as "wanting more rather than less of a
good", is widely used as an assumption of the behavior of individuals in
economic systems (microeconomic models and analysis) and also appears in almost
all economics textbook treatments of human decision-making.
It
attaches "wanting more" to instrumental rationality, which involves
seeking the most cost-effective means to achieve a specific goal without
reflecting on the worthiness of that goal.
An
American economist Gary Stanley Becker (born December 2, 1930) that won the
1992 Nobel Memorial Prize in Economic Sciences for his studies of
discrimination, crime, and human capital was an early proponent of applying
rational actor models more widely.
Footnote: Some materials is from Wikipedia
Aghanemat Aghayev
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