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Rational Choice Theory

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Rational Choice Theory is a framework for understanding social and economic behavior, positing that individuals make decisions by maximizing utility based on preferences, available information, and constraints. It assumes that agents act rationally to achieve their goals, weighing costs and benefits to optimize outcomes.
lightbulbAbout this topic
Rational Choice Theory is a framework for understanding social and economic behavior, positing that individuals make decisions by maximizing utility based on preferences, available information, and constraints. It assumes that agents act rationally to achieve their goals, weighing costs and benefits to optimize outcomes.

Key research themes

1. How do violations of classical rationality principles inform extended models of preferential choice?

This research theme investigates empirical violations of normative consistency principles (such as transitivity and independence of irrelevant alternatives) that define classical rationality in choice theory. It examines the nature and robustness of these violations, their interrelationships, and adaptive functions, leading to the development of descriptive models that extend beyond classical rational choice assumptions. The theme addresses the implications of bounded rationality and stochastic transitivity in understanding human preferential behavior, advancing theories that reconcile systematic inconsistencies with reasonable adaptation to environmental constraints.

Key finding: Synthesizes multiple decades of empirical work demonstrating consistent and systematic violations of classical rationality principles such as perfect consistency and independence of irrelevant alternatives across various... Read more
Key finding: Challenges the necessity of the transitivity axiom for rationality by presenting arguments and examples of rational intransitive preferences stemming from non-linear and differential utility functions. Shows that rational... Read more
Key finding: Critically analyses the normative and descriptive gaps in full rationality models, arguing that their a priori foundation leads to counterfactual rationality concepts detached from real behavior. Proposes a causal... Read more

2. What are the methodological and conceptual critiques of classical rational choice theory and how do they inform alternative frameworks?

This theme focuses on critiques of classical rational choice theory from multiple disciplinary perspectives including economics, sociology, cultural theory, and decision science. It explores conceptual limitations such as unrealistic assumptions about preference consistency, computational capacity, and subjective rationality. The theme elaborates on bounded rationality, cultural influences, organizational constraints, and cognitive factors that question the universal applicability of classical rational choice models. Alternative frameworks emphasize adaptive heuristics, behavioral inconsistencies, and social structural effects, aiming to offer more empirically valid and context-sensitive models of human decision-making and social behavior.

Key finding: Argues that neoclassical rational choice theory (RCT), despite its analytical power and flexibility, is descriptively accurate only for a narrow class of choice settings and that the 'wide' sociological RCT adds little... Read more
Key finding: Empirically demonstrates that the classical rational decision-making model fails to describe actual organizational decision processes due to assumptions of problem clarity, comprehensive search, and unbiased evaluation.... Read more
Key finding: Reviews the rational choice theory's origins, assumptions, and criticisms, emphasizing that rationality as defined in the model is subjective and context-dependent. Critically evaluates the theory's reliance on individual... Read more
Key finding: Evaluates neoclassical economic decision theory's failure to incorporate neurobiological and cognitive factors influencing decision-making, arguing that pure mathematical optimization models inadequately represent human... Read more
Key finding: Contrasts rational choice theoretical assumptions with biopolitical theory's emphasis on power microstructures and disciplinary mechanisms shaping human behavior. Finds that while often viewed as antagonistic, both paradigms... Read more

3. How can voting rules and social choice mechanisms be characterized and reconciled with axioms of rationality and fairness?

This theme analyzes the axiomatic foundations of collective decision-making rules, particularly voting methods, focusing on their consistency with principles such as independence of irrelevant alternatives, expansion consistency, anonymity, neutrality, and resoluteness. It explores impossibility theorems highlighting tensions among these axioms and investigates alternative frameworks (like the Advantage-Standard model) that weaken or revise classical constraints to evade impossibility results. Characterizations include the role of majority margins in determining outcomes and the design of voting rules that maintain desirable normative properties while accommodating empirical and logical constraints.

Key finding: Establishes that voting rules are margin-based if and only if they satisfy the axioms of Preferential Equality and Neutral Reversal, thereby identifying normative foundations for margin-based (pairwise) voting rules.... Read more
Key finding: Introduces the Advantage-Standard (AS) model as a novel framework of collective choice rule representation that weakens Independence of Irrelevant Alternatives (IIA) without leading to classical impossibility results.... Read more
Key finding: Proves that even significantly weakened forms of resoluteness, which require uniqueness of winners only under restricted domains and are compatible with anonymity and neutrality, are inconsistent with binary expansion... Read more
Key finding: Identifies sufficient conditions on weak orders over existing and null alternatives that guarantee the leximax and leximin lexicographic rules on the power set satisfy extensibility, ensuring consistency between preferences... Read more

All papers in Rational Choice Theory

Garments section involves cutting, CAD, auto spreading, swing, and quality control, finishing and packing. Raw materials of any readymade garments industry are yarn and fiber. The process involved in thread production is dying, levelling,... more
Fazıl Küçük (1906-1984) hayatı ve siyasal kişiliği
This investigation assessed the significance of student activism in Bratislava during the late 1980s and early 1990s in precipitating the downfall of the communist regime and the eventual dissolution of Czechoslovakia in 1993. The... more
Characterizations of the choice functions that select the cores or the externally stable cores induced by an underlying revealed dominance digraph are provided. Relying on such characterizations, the basic order-theoretic structure of the... more
This study explores the evolution of the Polish prison subculture before and after the political upheaval of 1989, marking the transition from communism to a more democratic and open society. It examines how these systemic changes... more
A great disorder is an order. These Two things are one. (Pages of illustrations.
The article presents the fate of Konrad Weisselberg (1905-1937) and his wife Anna (Galia) Mykalo (1914-1989), shedding light on the intensification of violence in Kharkiv in the 1930s and on the mechanisms of the Great Terror. Weisselberg... more
The article presents the fate of Konrad Weisselberg (1905-1937) and his wife Anna (Galia) Mykalo (1914-1989), shedding light on the intensification of violence in Kharkiv in the 1930s and on the mechanisms of the Great Terror. Weisselberg... more
Characterizations of the choice functions that select the cores or the externally stable cores induced by an underlying revealed dominance digraph are provided. Relying on such characterizations, the basic order-theoretic structure of the... more
A choice function is (weakly) width-maximizing if there exists a dissimilarity- i.e. an irreflexive symmetric binary relation- on the underlying object set such that the choice sets are (include, respectively) dissimilarity chains of... more
This paper develops a unified physical framework for free will within the Information–Cognitive Compression Field (ICCF) paradigm. By integrating thermodynamic principles, the action-based formulation of physical laws, and informational... more
This paper examines the mechanisms of persuasion used in the recruitment and retention of members in high-control groups (commonly referred to as "sects" or "cults") through the lens of game theory. The analysis integrates empirical... more
From whence come morals and values into the world. I suggest that Rawl's methodology in a theory of justice asks too much of the rational choosers behind the veil of ignorance they cannot but fail to bring their culture with them. Looking... more
Institute for Security Studies ■ ■ Gareth■ Newham is the Head of the Crime and Justice Programme at the Institute for Security Studies. He has worked closely with members of the SAPS and undertaken research on policing in South Africa... more
In 2017 and 2018 I received funding from the Mellon Foundation to take a year and a half of undergraduate economics courses. I was interested in writing an intellectual history of methodological individualism (MI): the presumption that... more
GORAN TRAJKOVSKI, GEORGI STOJANOV, SAMUEL COLLINS , VLADIMIR EIDELMAN, CHRIS. HARMAN AND GIOVANNI VINCENTI 1 Computer and Information Sciences Department, Towson University, 8000 York Road, Towson, MD 21252, USA, E-mail: {gtrajkovski,... more
The set of works reviewed here suggest that the problems inherent in post-Cold War democracy promotion cannot be explained solely by policy failures. Attempts to push for democracy have been met with resistance, whether in response to the... more
/terms-and-conditions-of-access.pdf This article maybe used for research, teaching and private study purposes. Any substantial or systematic reproduction, redistribution , reselling , loan or sub-licensing, systematic supply or... more
Over the past seven decades, democratic powers, led by the United States, have attempted to bring about democracy through external military imposition. While research to date has generally pointed toward the conclusion that such efforts... more
Pada tanggal 8 Desember 2024, terjadi perubahan yang mendasar akibat jatuhnya rezim Bashar al Assad di Suriah yang menandakan rekonfigurasi geopolitik yang terjadi di Timur Tengah. Rezim ini jatuh akibat terjadinya pemberontakan yang... more
This chapter is based on Rubinstein (1996).
This article addresses the call made by the ISA Sapphire panel to focus on “the opportunities and the challenges of theory-building in interdisciplinary scholarship.” The article focuses on the multiple anxieties that exist in the... more
Throughout the human history, the religion has remained a fundamental feature of social construct and human behaviour. Religious orientation plays important role in shaping human perceptions about economic and non-economic activities.... more
Options to contribute to national energy security and this is where you get to interconnections within a dilemma cede sovereignty and free trade of electricity (Tratado Marco del Mercado Eléctrico de América Central) are sought. It has... more
This article examines the ideological convergence between Rational Choice Theory (RCT) and "paleolibertarian" thinking in the prejudicial defence of high-demand religious groups. It is argued that Theory of Religious Economy (TRE)... more
This article reviews David Enrich's book, Servants of the Damned: Giant Law Firms, Donald Trump, and the Corruption of Justice. It identifies some of the key insights offered about the law firm of Jones Day specifically and Big Law... more
Yunanistan kurulduğu andan itibaren milli güç unsurlarını aşan şekilde yayılmacı bir politika izlemiş, bu genişleme çabaları tarihte iki kez durdurulmuştur, bunlardan birincisi Kurtuluş Savaşı, ikincisi ise Kıbrıs Barış Harekâtı'dır.... more
We thank Greg Adams and Dena Levy for their assistance in running the experiments and Jeff Ollie for programming assistance. We also thank Robert Forsythe, Roger Myerson, Thomas Rietz, and Robert Weber for access to their data and the... more
We thank Greg Adams and Dena Levy for their assistance in running the experiments and Jeff Ollie for programming assistance. We also thank Robert Forsythe, Roger Myerson, Thomas Rietz, and Robert Weber for access to their data and the... more
Focal Point Theory of Expressive Law 1651 the sanctions it threatens to impose, that law works by what it says in addition to what it does. 2 Even this literature, however, mostly accepts the dominant view of the problem that law... more
Focal Point Theory of Expressive Law 1651 the sanctions it threatens to impose, that law works by what it says in addition to what it does. 2 Even this literature, however, mostly accepts the dominant view of the problem that law... more
Justice has this in common with grace, and this alone, that it wants to be total and to rule absolutely. Politics is not religion, or if it is, then it is nothing but the Inquisition. Our "new world": we have to realize to what degree we... more
In R. v. Labaye, the Supreme Court of Canada finally retired the community standards of tolerance test of obscenity. The test had been the subject of much academic critique, a matter that reached its zenith in the period following Little... more
This paper looks at how different strands of political theory have examined the problem of the nature of political rationality. Starting from the historical context of the debate over the "death" of political philosophy in mid-20th... more
Moshe Blidstein, 'The ambivalence of purification and the challenge of transformation in The Rites of Passage and in early Christian texts', in:
In the present paper we analyse the emergence of the first federations in history, taking as an example the Achaean one. We analyse its structure decision making, institutions and finances. Then, we compare it to the present European... more
This paper reviews some models of consequentialist justice, social contracts, and the social coordination of behaviors through social norms. A challenge with actualizing justice in many contemporary societies is the broad and often... more
This study estimates the impact of incumbency on re-election prospects of parties and candidates in India, between 1977 and 2014, for Lok Sabha elections. We make use of regression discontinuity design to estimate the causal effect of... more
The move of demonetization adopted on 8th November 2016 by Government of India in curbing black money showed its effects too. The impacts were much more evident in the structures and functioning of different systems – economic, political... more
WYBORU BAZUJĄCEGO NA TEORII GIER Wprowadzenie * Cytowane metody i prace dotyczą problemów dyskretnych, najczęściej skończonych, związanych z tzw. wieloatrybutowym podejmowaniem decyzji -Multiple Attribute Decision Making. Prezentowane w... more
Many scholars argue that political institutions affect economic and social inequality, while others claim that inequality affects institutions. Following most historical literature, we suggest that exogenous changes in technology, trade,... more
In the present article I attempt to apply advances in the study of instrumental and epistemic rationality to field archaeology in order to gain insights into the ways archaeologists reason. The cognitive processes, particularly processes... more
Over the last decades we have seen an impressive progress of rational action theory (RAT) in the social sciences, which produced models with high explanatory and predictive power for different instances of human behaviour. RAT, however,... more
This introduction contextualises the topical collection on the legacy of the valuefree ideal of science, categorises and summarises its contributions, and proposes directions for and applications of future research, especially those... more
Human beings, while tending to the utmost rationality, understood as coherence with the objectives that they set themselves, both emotional-sentimental and cognitive-logical, have completely random emotional and behavioral deviations,... more
Since Giving Tuesday was introduced in 2012, it has inspired more than $1 billion in donations. Last year, estimated giving topped $300 million. These numbers sound big -and they are. But they obscure the fact that relatively few... more
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