rational choice theory

English

Noun

rational choice theory (uncountable)

  1. (social sciences, economics, political science, sociology) A theory that argues individual decisions are based on that individual's understanding of the costs and benefits of a given action, shaped throughout the assumptions of self-interest and rational actors.
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.