Theory of Rational Choice-Economics plays a vast role in human behavior. i.e., people are frequently motivated through money and the probability of making a profit, estimating the likely costs and advantages of any action before deciding what to do. Such way of thinking is termed as rational choice theory.
I am facing some problems in my assignment of Theory of Rational Choice. Can anybody suggest me the proper explanation for it?
Critics of Rational Choice Theory?Assumptions of Rational Choice Theory?