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Rational choice modeling refers to the use of decision theory (the theory of rational choice) as a set of guidelines to help understand economic and social behavior. [ 1 ] [ 2 ] The theory tries to approximate, predict, or mathematically model human behavior by analyzing the behavior of a rational actor facing the same costs and benefits .
The mythological Judgement of Paris required selecting from three incomparable alternatives (the goddesses shown).. Decision theory or the theory of rational choice is a branch of probability, economics, and analytic philosophy that uses the tools of expected utility and probability to model how individuals would behave rationally under uncertainty.
Social choice theory is a branch of welfare economics that extends the theory of rational choice to collective decision-making. [1] Social choice studies the behavior of different mathematical procedures ( social welfare functions ) used to combine individual preferences into a coherent whole.
Sociobiology is a field of biology that aims to explain social behavior in terms of evolution.It draws from disciplines including psychology, ethology, anthropology, evolution, zoology, archaeology, and population genetics.
Likewise, utilitarianism (aka "rational choice" or "social exchange"), although often associated with economics, is an established tradition within sociological theory. [ 11 ] [ 12 ] Lastly, as argued by Raewyn Connell (2007), a tradition that is often forgotten is that of social Darwinism , which applies the logic of biological evolution to ...
Rational choice (also termed rationalism) is a prominent framework in international relations scholarship. Rational choice is not a substantive theory of international politics, but rather a methodological approach that focuses on certain types of social explanation for phenomena. [1]
Rational choice institutionalism is a theoretical approach to the study of institutions arguing that actors use institutions to maximize their utility. [ 37 ] [ 38 ] Institutions are understood to be exogenously given constraints ("rules of the game") on rational individual behavior.
Rational choice institutionalism (RCI) is a theoretical approach to the study of institutions arguing that actors use institutions to maximize their utility, and that institutions affect rational individual behavior. [1] [2] Rational choice institutionalism arose initially from the study of congressional behaviour in the U.S. in the late 1970s. [3]