The Rational Choice Theory
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This paper explains that the rational choice theory, which defines a rational action as the maximization of causal profit, was essentially developed as an economic theory, but has been extended to other realms as well. The author explains that the theory, which was expanded to the area of sociology by Max Weber, Talcott Parsons, and George Homans, was challenged for its lack of empirical support. The paper concludes that rational theory now has been thoroughly tested empirically and found to be based on a sound premise; the theory may not apply to all people in all situations, but it highlights a strong correlation between rationality and man?s decision making behavior.
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The Rational Choice Theory (2005, March 14) Retrieved February 28, 2020, from https://www.academon.com/essay/the-rational-choice-theory-56660/
"The Rational Choice Theory" 14 March 2005. Web. 28 February. 2020. <https://www.academon.com/essay/the-rational-choice-theory-56660/>