Rational Choice Theory,
Definition of Rational Choice Theory:
Definition of Rational Choice Theory: Brian Barnier is the chief analyst at Value Bridge Advisors, co-founder and editor-in-chief of FedishBoard.com, and a visiting professor at Colin Powell School, City University, New York City.
- The theory of rational choice argues that individuals rely on rational calculations to make rational decisions that result in results that are in their best interest.
- The theory of rational choice is often associated with rational actors, rationalist assumptions, interests, and invisible hand concepts.
- Many economists believe that the factors associated with rational choice theory are beneficial to the economy as a whole.
- The idea of rational choice is often common in behavioral economics, but many economists also research irrational decisions.
Literal Meanings of Rational Choice Theory
Meanings of Rational:
A rational number
Based or according to logic or according to.
(A number, set, or expression) that can be expressed or contains a number that can be expressed, as a decimal ratio, expressed in decimal form, a range of rational numbers Or it expands again and again.
Sentences of Rational
The construction of numbers from numerical numbers is done in several stages: first the positive numerical axis, then the construction of the positive number to the negative number, then the number to the rational numbers and finally the real numbers from one to the rational numbers.
I believe there is a very rational explanation.
A set of rational numbers can be calculated, in which the cardinal number is d.
Synonyms of Rational
politic, clear-eyed, sober, sound, well reasoned, well advised, reasoned, judicious, well grounded, clear-sighted, sagacious, logical, perceptive, enlightened, sensible, astute, shrewd, wise, intelligent, coherent, prudent, circumspect, common-sense, cogent, commonsensical, reasonable
Meanings of Choice:
The decision-making or decision-making process when faced with two or more options.
(Especially food) with very good quality.
Rude and offensive (in words, phrases or language).
Sentences of Choice
Choose between good and bad
Choose the best plum of your choice
It has many words
Synonyms of Choice
top-quality, possibility, alternative, select, grade A, special, premier, possible course of action, excellent, carefully chosen, vintage, rude, abusive, high-grade, exclusive, finest, prime, hand-picked, first-rate, first-class, best
Meanings of Theory:
A system of powers or ideas for the purpose of explaining something, especially based on general principles, regardless of how it is explained.
Sentences of Theory
Darwin's theory of evolution
Synonyms of Theory
hypothesis, presupposition, postulate, proposition, supposition, hunch, assumption, speculation, surmise, postulation, suspicion, premise, conjecture, presumption, guess, notion, feeling, thesis