Reappraisal of Rational Choice Theory

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چکیده

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Rational Choice Theory: An Overview

It seems easy to accept that rationality involves many features that cannot be summarized in terms of some straightforward formula, such as binary consistency.  However, this recognition does not immediately lead to alternative characterizations that might be regarded as satisfactory, even though the inadequacies of the traditional assumptions of rational behavior standard used in economic theo...

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Rational Choice Theory: An Overview

It seems easy to accept that rationality involves many features that cannot be summarized in terms of some straightforward formula, such as binary consistency.  However, this recognition does not immediately lead to alternative characterizations that might be regarded as satisfactory, even though the inadequacies of the traditional assumptions of rational behavior standard used in economic theo...

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Economists have heralded the formulation of the expected utility theorem as a universal method of choice under uncertainty. In their seminal paper, Stigler and Becker (Stigler & Becker, 1977) declared that “human behavior can be explained by a generalized calculus of utility-maximizing behavior” (p.76). The universality of the rational choice theory has been widely criticized by psychologists, ...

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rational choice theory: a cultural reconsideration

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ژورنال

عنوان ژورنال: Interdisciplinary Description of Complex Systems

سال: 2013

ISSN: 1334-4676,1334-4684

DOI: 10.7906/indecs.11.1.2