• • • Rational choice theory, also known as choice theory or rational action theory, is a framework for understanding and often formally social and economic behavior. Makita 2030 Manual Planer Jointer Pdf Merge. The basic premise of rational choice theory is that aggregate social behavior results from the behavior of individual actors, each of whom is making their individual decisions. The theory also focuses on the determinants of the individual choices (). Zacchaeus Puppet Template Printable With Fasterners more. Rational choice theory then assumes that an individual has among the available choice alternatives that allow them to state which option they prefer. Molecular Descriptors For Cheminformatics Pdf Printer here. These preferences are assumed to be complete (the person can always say which of two alternatives they consider preferable or that neither is preferred to the other) and transitive (if option A is preferred over option B and option B is preferred over option C, then A is preferred over C). The is assumed to take account of available information, probabilities of events, and potential costs and benefits in determining preferences, and to act consistently in choosing the self-determined best choice of action. Rationality is widely used as an assumption of the behavior of individuals in models and analyses and appears in almost all economics textbook treatments of human decision-making.