Redirected from Rational choice theory
Obviously, what is taken as "rational" is of chief importance here. Usually, "rational" is defined in a formal, mathematical way, along the lines of Game theory; this often means making a choice is taken to be equivalent to solving a mathematical optimization problem.
Often, to simplify calculation and ease prediction, some rather unrealistic assumptions are made about the world. These can include:
Assumptions such as these have sparked criticism from a number of camps. Some people have tried to create models of Bounded rationality, which try to be more psychologically plausible without giving up completely on the idea that some kind of reason underlies decisionmaking processes.
One question that can be asked is why people try to base their models on concepts such as "reason", "preferences", and what is implied by them, free will. Some potential reasons:
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