-interested, utility-maximizing, rationalchoice), which is applied in most forms of economic research, is often the target of criticism. At times, such criticism has even been brought forward by renowned economists, especially those who favor, in certain respects, a behavioral approach to economic research that aims
RationalChoice Theory ( rct ) is among the most important schools of thought in comparative research and it is probably the most systematic, as well as the most contested.
While many schools of thought are characterized by the use of a specific “classic”, a seminal author like Marx or Bourdieu
Abstract: One of the earliest uses of rationalchoice theory is Pascal’s famous wager on the existence of God. This entry discusses developments in rationalchoice theory since the time of Pascal which, had they been available to him, may have informed him in placing his bet. Such developments are
sovereign financing should be applied when interpreting this link. It also explains how that traditional view is being challenged. A rationalchoice approach is taken in section 3 to explain the most salient financial features of large-scale campaign of gross human rights violations in order to understand
The descriptive viewpoint in rational choice has generated an important Standard Rational Choice Theory revision. This viewpoint has meant the introduction of relevant psychological considerations that Rational Choice Theory tied to the neoclassical economics is unable to heed In this paper I suggest a way to expand the descriptive viewpoint by theorizing how some factors, coming from the social and cultural environment, operate within rational choice. That troublesome issue concerning the overall validity of economic laws is also a question here; specifically, if these descriptive proposals expand the explanation of the disturbing causes of economic laws, or if they actually call into question their fundamental principles, encouraging consideration of some economic issues in a quite new, different manner.