Rational choice theory
id:
rational-choice-theory-174-10225024
title:
Rational choice theory
text:
Rational choice theory refers to a set of guidelines that help understand economic and social behaviour. The theory originated in the eighteenth century and can be traced back to the political economist and philosopher Adam Smith. The theory postulates that an individual will perform a cost–benefit analysis to determine whether an option is right for them. Rational choice theory looks at three concepts: rational actors, self interest and the invisible hand. Rationality can be used as an assumpti
brand slug:
wiki
category slug:
encyclopedia
description:
Sociological theory
original url:
https://en.wikipedia.org/wiki/Rational_choice_theory
date created:
2001-01-27T00:55:02Z
date modified:
2024-09-02T20:17:06Z
main entity:
{"identifier":"Q1139524","url":"https://www.wikidata.org/entity/Q1139524"}
image:
fields total:
13
integrity:
15