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Rational choice model

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. 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.

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Actions, assumptions, and individual preferences

Utility maximization

Benefits

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Rational choice model

Nodes87
Edges86
Triples31
Avg. degree1.98
Density0.022989
Components1

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Rational choice model

Top relations

related to Critiques on the basis of emotion research · 9
Rational choice model → Emotional, Emotions, Even, However, It, Moreover, Proponents, The, They
related to Benefits · 8
Rational choice model → Economic, Furthermore, In, It, Most, The, These, This

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Important terminology

rational choice theory social individual economic rationality preferences political action economics individuals utility behaviour press decision also behavior university decisions

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
making a betinstance ofIn another situation0.80text
you are calculating the possible lostinstance ofIn another situation0.80text
how much can be woninstance ofIn another situation0.80text
imperfect informationinstance ofSimon argues factors0.80text
uncertaintyinstance ofSimon argues factors0.80text
time constraints all affectinstance ofSimon argues factors0.80text
limit our rationalityinstance ofSimon argues factors0.80text
and therefore our decision-making skillsinstance ofSimon argues factors0.80text
Michel Foucault drew attention to the micro-power structures that shape the soulinstance ofRepresentatives of the biopolitical paradigm0.80text
bodyinstance ofRepresentatives of the biopolitical paradigm0.80text
mindinstance ofRepresentatives of the biopolitical paradigm0.80text
thus top-down impose certain decisions on individualsinstance ofRepresentatives of the biopolitical paradigm0.80text

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