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Journal articles on the topic 'Rational choice theory'

Author: Grafiati

Published: 4 June 2021

Last updated: 30 July 2024

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1

CHATTERJEE, Sidharta. "Choice That’s Rational." Journal of Research, Innovation and Technologies (JoRIT) 1, no. 1 (December 2022): 34. http://dx.doi.org/10.57017/jorit.v1.1(1).03.

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In this paper, it is about the axiomatic basis of rational choice theory - the theory that is behind making rational choice and decisions. To make rational choices, we would require thinking rationally and understanding the reason and logic behind what makes a choice rational, and how we need to choose rationally. Decisions are made under various circumstances, i.e., under risk, and often under compulsion. In social choice theory, decisions are made by different types of decision making entities, i.e., committees, groups, individuals and collective judgments by various types of organizations, etc. This paper highlights these issues and addresses the fundamental tenets of making rational choices by examining and following the previous workings of experts on this field. As such, it introduces a novel concept and the idea of Social Choice Rationality in choosing what’s rational.

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2

Goode, William J. "Rational choice theory." American Sociologist 28, no. 2 (June 1997): 22–41. http://dx.doi.org/10.1007/s12108-997-1004-5.

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3

Roelofsma, Peter H. M. P. "Rational choice theory." Philosophical Psychology 12, no. 3 (September 1999): 309. http://dx.doi.org/10.1080/095150899105783.

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4

Kaiser, Adam J., and Peter T. Leeson. "Why rational choice? Reconciling Kornai with rational choice theory." Acta Oeconomica 73, S1 (November 3, 2023): 75–86. http://dx.doi.org/10.1556/032.2023.00034.

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AbstractJános Kornai was an early and influential critic of rational choice theory, who opposed its application to interdisciplinary questions. In this paper, we attempt to show that certain contemporary uses of rational choice theory are perfectly compatible with Kornai's critique of general equilibrium theory, as well as his broader vision of economics as a mode of understanding. To do so, we leverage the insights of several “ordinary language” philosophers to demonstrate that the utility of rational choice theory derives from its grammatical properties rather than the truth values of its axioms.

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5

Fumagalli, Roberto. "How thin rational choice theory explains choices." Studies in History and Philosophy of Science Part A 83 (October 2020): 63–74. http://dx.doi.org/10.1016/j.shpsa.2020.03.003.

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6

DENZIN, NORMAN K. "Reading Rational Choice Theory." Rationality and Society 2, no. 2 (April 1990): 172–89. http://dx.doi.org/10.1177/1043463190002002006.

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7

Hechter, Michael, and Satoshi Kanazawa. "Sociological Rational Choice Theory." Annual Review of Sociology 23, no. 1 (August 1997): 191–214. http://dx.doi.org/10.1146/annurev.soc.23.1.191.

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8

Boudon, Raymond. "Beyond Rational Choice Theory." Annual Review of Sociology 29, no. 1 (August 2003): 1–21. http://dx.doi.org/10.1146/annurev.soc.29.010202.100213.

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9

Coleman, Jules L. "Rational Choice and Rational Cognition." Legal Theory 3, no. 2 (June 1997): 183–203. http://dx.doi.org/10.1017/s1352325200000720.

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There is a close but largely unexplored connection between law and economics and cognitive psychology. Law and economics applies economic models, modes of analysis, and argument to legal problems. Economic theory can be applied to legal problems for predictive, explanatory, or evaluative purposes. In explaining or assessing human action, economic theory presupposes a largely unarticulated account of rational, intentional action. Philosophers typically analyze intentional action in terms of desires and beliefs. I intend to perform some action because I believe that it will (is likely to) produce an outcome that I desire. This standard “belief-desire” model of action invokes what philosophers of psychology and action theorists aptly refer to as a “folk psychology.”

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10

Golubovic, Natasa. "Capital theory and rational choice." Sociologija 51, no. 2 (2009): 189–204. http://dx.doi.org/10.2298/soc0902189g.

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Almost from the very beginning of economic science the notion of capital has been the subject of numerous controversies. The main reason for the concept's controversial nature is that it explains interest and profit. In Marxian theory, where 'manner of production' determines forms of activities, mutual relationships and life of individuals, capital appears as a social phenomenon i.e. social relation. Goods and money are not capital by themselves but become capital in the capitalist way of production. Economics mainstream is based on methodological individualism upon which explanation of social phenomena and processes must be derived from individual behavior and motivation. Capital, therefore, is not a product of capitalism as a socially and historically specific form of economic organization, but is rather perceived as connected to the individual and his or her rational behavior. Rational choice is the basic and sometimes the only explanatory factor in the neoclassic theories of capital. Although theories of human and cultural capital point out the interdependence between individual activity and choice on the one hand, and social position on the other hand in the process of capitalization, the connection remains in the background and somehow unclear. A more explicit indication of the interdependence between social structure and choice can be found in the theory of social capital. The goal of this paper is to explore the role of rational choice theory in explaining the nature of capital.

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11

Morrow, Ross. "Rational Choice Theory: Resisting Colonization." Journal of Critical Realism 1, no. 1 (November 15, 2002): 159–65. http://dx.doi.org/10.1558/jocr.v1i1.159.

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12

Satz, Debra, and John Ferejohn. "Rational Choice and Social Theory." Journal of Philosophy 91, no. 2 (1994): 71–87. http://dx.doi.org/10.2307/2940928.

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13

Zyuzev, Nikolay. "Altruism and Rational Choice Theory." American Sociologist 53, no. 1 (October 30, 2021): 44–52. http://dx.doi.org/10.1007/s12108-021-09521-0.

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14

Martinas, Katalin, and Agoston Reguly. "Reappraisal of Rational Choice Theory." Interdisciplinary Description of Complex Systems 11, no. 1 (2013): 14–28. http://dx.doi.org/10.7906/indecs.11.1.2.

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15

Boudon, Raymond. "Limitations of Rational Choice Theory." American Journal of Sociology 104, no. 3 (November 1998): 817–28. http://dx.doi.org/10.1086/210087.

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16

Bradley, Seamus. "Constraints on Rational Theory Choice." British Journal for the Philosophy of Science 68, no. 3 (September 1, 2017): 639–61. http://dx.doi.org/10.1093/bjps/axv063.

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17

Holton, Robert J. "Rational choice theory in sociology." Critical Review 9, no. 4 (September 1995): 519–37. http://dx.doi.org/10.1080/08913819508443401.

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18

Abell, Peter. "Denzin on Rational Choice Theory." Rationality and Society 2, no. 4 (October 1990): 495–99. http://dx.doi.org/10.1177/1043463190002004006.

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19

Neal, P. "Hobbes and Rational Choice Theory." Political Research Quarterly 41, no. 4 (December 1, 1988): 635–52. http://dx.doi.org/10.1177/106591298804100403.

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20

Lovett, Frank. "Rational Choice Theory and Explanation." Rationality and Society 18, no. 2 (May 2006): 237–72. http://dx.doi.org/10.1177/1043463106060155.

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21

Driscoll, Amanda, and Mona Lena Krook. "Feminism and rational choice theory." European Political Science Review 4, no. 2 (July 29, 2011): 195–216. http://dx.doi.org/10.1017/s175577391100018x.

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Feminism and rational choice theory have both been hailed as approaches with the potential to revolutionize political science. Apart from a few exceptions, however, work utilizing these two perspectives rarely overlaps. This article reviews their main contributions and explores the potential for a combined approach. It argues that a synthesis of feminism and rational choice theory would involve attending to questions of gender, strategy, institutions, power, and change. The contours and benefits of this approach are illustrated with reference to one particular area of research: the adoption of electoral gender quotas. Despite a current lack of engagement across approaches, this example illustrates that the tools of feminist and rational choice analysis may be brought together in productive ways to ask and answer theoretically and substantively important questions in political science.

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22

McClennen, Edward F. "Rational Choice and Moral Theory." Ethical Theory and Moral Practice 13, no. 5 (November 2010): 521–40. http://dx.doi.org/10.1007/s10677-010-9253-8.

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23

Neal, Patrick. "Hobbes and Rational Choice Theory." Western Political Quarterly 41, no. 4 (December 1988): 635. http://dx.doi.org/10.2307/448487.

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24

Heath, Joseph. "Rational choice as critical theory." Philosophy & Social Criticism 22, no. 5 (September 1996): 43–62. http://dx.doi.org/10.1177/019145379602200503.

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25

Manzo, Gianluca. "Is rational choice theory still a rational choice of theory? A response to Opp." Social Science Information 52, no. 3 (August 5, 2013): 361–82. http://dx.doi.org/10.1177/0539018413488477.

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Authoritative rational choice theorists continue to argue that wide variants of rational choice theory should be regarded as the best starting-point to formulate theoretical hypotheses on the micro foundations of complex macro-level social dynamics. Building on recent writings on neo-classical rational choice theory, on behavioral economics and on cognitive psychology, the present article challenges this view and argues that: (1) neo-classical rational choice theory is an astonishingly malleable and powerful analytical device whose descriptive accuracy is nevertheless limited to a very specific class of choice settings; (2) the ‘wide’ sociological rational choice theory does not add anything original to the neo-classical framework on a conceptual level and it is also methodologically weaker; (3) at least four alternative action-oriented approaches that reject portrayal of actors as computational devices operating over probability distributions can be used to design sociological explanations that are descriptively accurate at the micro level.

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26

Askari, Gholamreza, and Madjid Eshaghi Gordji. "Decision Making: Rational Choice or Hyper-Rational Choice." Statistics, Optimization & Information Computing 8, no. 2 (May 28, 2020): 583–89. http://dx.doi.org/10.19139/soic-2310-5070-638.

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In this paper, we provide an interpretation of the rationality in game theory in which player consider the profit or loss of the opponent in addition to personal profit at the game.‎ ‎‎The goal of a game analysis with two hyper-rationality players is to provide insight into real-world situations that are often more complex than a game with two rational players where the choices of strategy are only based on individual preferences. The hyper-rationality does not mean perfect rationality but an insight toward how human decision-makers behave in interactive decisions. ‎‎The findings of this research can help to enlarge our understanding of the psychological aspects of strategy choices in games and also provide an analysis of the decision-making process with cognitive economics approach at the same time.‎ ‎‎‎

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27

İnan, Ali, and Recep Emin Gül. "Rational Choice in the Qur'an and Hadiths." Journal of The Near East University Faculty of Theology 8, no. 1 (June 28, 2022): 147–60. http://dx.doi.org/10.32955/neu.ilaf.2022.8.1.09.

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The rational choice theory, which first emerged as a theory trying to understand the choices of individuals in their economic lives, later started to be used in sociology as another approach that can help in understanding the actions of individuals in their daily lives. Although there are some criticisms about the application of rational choice theory to other social sciences and especially to the religious field due to its economic background, the existence of rational choice theory has recently started to be talked about in people's preferences regarding the religious field. In this study, firstly, the rational choice theory is briefly mentioned, and then its use in explaining religious behaviors is discussed. At this point, the concepts of will, freewill and responsibility in the religious literature are discussed. Then, it is mentioned that religious behaviors are handled and evaluated within the framework of rational choice. Finally, examples that can be considered as rational choice are given in the verses and hadiths, although the theory emerged later. In the study, instead of discussing all aspects of rational choice theory, the aspect of this theory, which considers people as free individuals who act rationally in their actions and can calculate profit and loss in their preferences, is emphasized. In this respect, examples of individuals being free in their preferences and rational behavior in their preferences are emphasized in the Qur'an and hadiths. Issues such as the freedom of people, having free will and having a freewill in their preferences are one of the issues that have been discussed, still being discussed within the scope of human freedom in many fields, especially in theology and philosophy. In this study, the ability to act rationally in the context of the Qur'an and hadiths is discussed, taking into account the individual's situation of being punished or rewarded in line with the choices they make, away from theological and philosophical approaches and discussions. There are different approaches to explaining religious behavior. At this point, no claim is made in the study that all religious behaviors can be explained within the scope of rational choice theory. In the study, rather than the economic approach of rational choice theory, it has been tried to convey through examples from the verses and hadiths that the religious behavior of individuals in the context of Islam is done by meeting the needs of a minimum level of consciousness and rationality, and that people are made responsible/responsible as a result of doing what they prefer, taking into account the consequences and profits/losses. In the study, it has been determined that the concept of will, which is included in the Islamic literature, is handled within the scope of the individual's freedom of choice and this provides an opportunity for rational choice. It is seen that this freedom of choice also brings a responsibility to the person. Therefore, the concepts of will and responsibility appear as concepts related to rational choice theory. In the examples taken from the Qur'an and hadiths, it has been determined that Allah and His Messenger (pbuh) advised people to choose the more beneficial one. The recommendations in question may be related to the life of this world as well as to the life of the hereafter. Declaring in the Qur'an and hadiths that it would be more beneficial for a person to prefer the hereafter rather than worldly life; However, the Prophet's advice to his companions about the worldly life, which is more beneficial, is one of the indicators of this situation.

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28

Kavka, Gregory S. "Is Individual Choice Less Problematic than Collective Choice?" Economics and Philosophy 7, no. 2 (October 1991): 143–65. http://dx.doi.org/10.1017/s0266267100001371.

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It is commonplace to suppose that the theory of individual rational choice is considerably less problematic than the theory of collective rational choice. In particular, it is often assumed by philosophers, economists, and other social scientists that an individual's choices among outcomes (or lotteries yielding specified probabilities of outcomes) accurately reflect that individual's underlying preferences or values. Further, it is now well known that if an individual's choices among outcomes (or lotteries thereof) satisfy certain plausible axioms of rationality or consistency, that individual's choice-behavior can be interpreted as maximizing expected utility on a utility scale that is unique up to a linear transformation (Ramsey, 1931; Savage, 1954; Von Neumann and Morgenstern, 1944). Hence, there is, in principle, an empirically respectable method of measuring individuals' values and a single unified schema for explaining their actions as value maximizing (insofar as they act rationally).

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29

Zafirovski, Milan. "Beneath rational choice: Elements of ‘irrational choice theory’." Current Sociology 61, no. 1 (November 21, 2012): 3–21. http://dx.doi.org/10.1177/0011392112465872.

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30

Radovanovic, Bojana. "Commitment-based action: Rational choice theory and contrapreferential choice." Filozofija i drustvo 25, no. 3 (2014): 313–22. http://dx.doi.org/10.2298/fid1403313r.

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This paper focuses on Sen?s concept of contrapreferential choice. Sen has developed this concept in order to overcome weaknesses of the rational choice theory. According to rational choice theory a decision-maker can be always seen as someone who maximises utility, and each choice he makes as the one that brings to him the highest level of personal wellbeing. Sen argues that in some situations we chose alternatives that bring us lower level of wellbeing than we could achieve if we had chosen some other alternative available to us. This happens when we base our decisions on moral principles, when we act out of duty. Sen calls such action a commitment-based action. When we act out of commitment we actually neglect our preferences and thus we make a contrapreferential choice, as Sen argues. This paper shows that, contrary to Sen, a commitment-based action can be explained within the framework of rational choice theory. However, when each choice we make can be explained within the framework of rational choice theory, when in everything we do maximisation principle can be loaded, then the variety of our motives and traits is lost, and the explanatory power of the rational choice theory is questionable.

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31

Puspitasari, Ni Wayan Radita Novi. "Rational Choice Theory and Social Solidarity." International Journal of Interreligious and Intercultural Studies 2, no. 2 (October 18, 2019): 75–85. http://dx.doi.org/10.32795/ijiis.vol2.iss2.2019.394.

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The collapse of New Order regime was caused by the Asian financial crisis with the crisis of confidence by Suharto and his political cronies. The origin of the Indonesian crisis situated in the effort to maintain foreign financial capital could not restore the deficit of the national market, while they also tried to keep the stability of fixed exchange rate. Under Suharto, Indonesia was ruled by the military dual-function system and authoritarianism. Popular uprising, pillages, and demonstrations arose in the breakdown of New Order. The aim of this paper is to analyze the rational choice theory of New Order regime and the social solidarity of the popular uprising in the Indonesian people. By the attempt to scrutinize the New Order regime, there are some questions need to be asked. Firstly, how was the emergence and his political scheme in the history of Indonesia? Secondly, why the Asian Financial Crisis brought Suharto and New Order regime into its downfall? and thirdly, what was the effect of mob violence that appeared in 1998? Through these questions, rational choice institutionalism and social solidarity will be the approaches to delve the analysis of New Order regime by differentiate the governmental, national and international scale of the study.

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32

Heimer, Carol A., and Michael Hechter. "Rational Choice Theory About Real Life." Contemporary Sociology 18, no. 4 (July 1989): 633. http://dx.doi.org/10.2307/2073147.

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33

Radovanović, Bojana. "Rational choice theory and charitable giving." Socioloski pregled 53, no. 2 (2019): 445–66. http://dx.doi.org/10.5937/socpreg53-19679.

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34

Krstić, Miloš. "Rational choice theory: Limitations and alternatives." Socioloski pregled 54, no. 1 (2020): 40–63. http://dx.doi.org/10.5937/socpreg54-22028.

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35

Krstic, Bojan, and Milos Krstic. "Rational choice theory and social research." Sociologija 58, no. 4 (2016): 598–611. http://dx.doi.org/10.2298/soc1604598k.

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The paper is devoted to the analyses of methodological and metatheoretical problems of rational choice theory. The methodological challenge is associated with the questions: whether rational choice theory can be appropriately empirically tested and whether RCT allows researchers to derive interesting hypotheses with regard to substantive fields of application? The answers to these questions have important implications for the rational choice theory?s ambition to be appropriate basis for the implementation of social research. In this paper, allso, we analyse the following metatheoretical problems: how to deal with the apparent counterevidence that stems from applied fields of sociological research: Is it possible to provide explanations of this evidence within RCT by widening its core assumptions and thereby broadening the set of allowed auxiliary assumptions? Or does RCT have to be enriched (and if so, how?) by integrating concepts and mechanisms of other sociological approaches for it to remain a reasonable workhorse and starting point for sociological research?

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36

Zey, Mary, James S. Coleman, and Thomas J. Fararo. "Rational Choice Theory: Advocacy and Critique." Social Forces 72, no. 1 (September 1993): 273. http://dx.doi.org/10.2307/2580174.

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37

Sterba, James P. "A Rational Choice Theory of Punishment." Philosophical Topics 18, no. 1 (1990): 171–81. http://dx.doi.org/10.5840/philtopics199018121.

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38

de Jonge, J. P. R. "Rational choice theory and moral action." Socio-Economic Review 3, no. 1 (January 1, 2005): 117–32. http://dx.doi.org/10.1093/ser/mwi003.

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39

van den Berg, Axel, James S. Coleman, and Thomas J. Fararo. "Rational Choice Theory: Advocacy and Critique." Contemporary Sociology 23, no. 4 (July 1994): 617. http://dx.doi.org/10.2307/2076449.

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40

Lehtinen, Aki, and Jaakko Kuorikoski. "Unrealistic Assumptions in Rational Choice Theory." Philosophy of the Social Sciences 37, no. 2 (June 2007): 115–38. http://dx.doi.org/10.1177/0048393107299684.

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41

Vale, Per Halvor. "Addiction â and rational choice theory." International Journal of Consumer Studies 34, no. 1 (January 2010): 38–45. http://dx.doi.org/10.1111/j.1470-6431.2009.00826.x.

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42

Krstic, Bojan, and Milos Krstic. "Rational choice theory and random behaviour." Ekonomika 61, no. 1 (2015): 1–13. http://dx.doi.org/10.5937/ekonomika1501001k.

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43

Ferejohn, John, and Debra Satz. "Unification, universalism, and rational choice theory." Critical Review 9, no. 1-2 (January 1995): 71–84. http://dx.doi.org/10.1080/08913819508443372.

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44

Murphy, James Bernard. "Rational choice theory as social physics." Critical Review 9, no. 1-2 (January 1995): 155–74. http://dx.doi.org/10.1080/08913819508443377.

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45

Lepperhoff, Niels. "Dreamscape Testing the Rational Choice Theory." Advances in Complex Systems 03, no. 01n04 (January 2000): 209–20. http://dx.doi.org/10.1142/s0219525900000169.

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This work is an example for the use of computer simulation for testing theory completeness. The multi-agent model Dreamscape is a transformation of the Rational Choice Theory into a computer program. In this work the general applicability of the Rational Choice Theory is tested. The research question is: Does social order emerge out of the "state of nature"? In particular: Do social norms evolve? In a computer-based analysis for non-violent agents it is shown, that conjunct, proscriptive norms are able to emerge – apart from their legitimacy. On the contrary, in a violent population social order does not emerge.

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46

Hill, Greg. "HISTORY, NECESSITY, AND RATIONAL CHOICE THEORY." Rationality and Society 9, no. 2 (May 1997): 189–213. http://dx.doi.org/10.1177/104346397009002003.

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47

Quackenbush, Stephen. "The Rationality of Rational Choice Theory." International Interactions 30, no. 2 (April 2004): 87–107. http://dx.doi.org/10.1080/03050620490462595.

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48

Scholtz, Hanno. "Rational Choice Theory in Comparative Sociology." Comparative Sociology 14, no. 4 (October 13, 2015): 587–608. http://dx.doi.org/10.1163/15691330-12341359.

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Among schools of thought in comparative research, Rational Choice Theory (rct) is both the most systematic and the most contested. rct lacks a “classical” foundation but offers a clear internal theory structure. The rationality assumption contains an unquestioned heuristic aspect, although the determinants of choice (especially preferences) lack a universally accepted solution. The choice aspect addresses the understanding of social phenomena as the result of individual actions seen in light of the possible alternatives. This view unifies scholars in the Rational Choice tradition and leads to the macro-micro-macro-scheme. Micro-oriented comparative research has flourished through the availability of multi-level data sets in fields such as social capital theory, social stratification and mobility, including educational attainment or the inclusion of migrants, family studies, criminology, and labor markets. Institutional rct-based comparative research has addressed welfare states, religion, and general questions. In both aspects, rct leaves room for further productivity in comparative research.

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49

COLOMER, JOSEP M. "Rational choice political theory in Spain." European Journal of Political Research 21, no. 4 (June 1992): 409–21. http://dx.doi.org/10.1111/j.1475-6765.1992.tb00907.x.

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50

Park, Jusik. "Rational Choice Theory and Nuclear Deterrence." Korean Journal of International Relations 33, no. 1 (October 31, 1993): 193–217. http://dx.doi.org/10.14731/kjir.1993.10.33.1.193.

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