Rational Choice Theory History and Development of Rational Choice theory When we are faced with a decision, there are always some options involved. Which path is the correct one, which option would best serve our purpose, which choice appears most suitable are some of the key questions on which we base our decision. Man by nature is interested in maximization of his profits whether professional or personal. No one would deliberately want

Rational Choice Theory as (Mis)Applied to Consumer Spending and Decision-Making: Implications for Management The recent economic downturn seems to have been precipitated by a series of bad decisions made by consumers -- at the encouragement of opportunistic loan officers and organizations that ought to have known better and in many instances probably did -- in selecting loan products that they could not afford. While many companies and individuals walked away from

Rational Choice Theory: A Response With the exception of those who happen to be mentally ill, most people exhibit a rational mode of thinking. That means that before choosing a course of action, most individuals take into consideration all the relevant variables and only act if it is reasonable to do so. According to the rational choice theory, most of those who break the law are rational thinking persons who are more

Leadership Traits: The Role of Humility in Effective Leadership for Christians in Public LeadershipIntroductionEffective leadership is crucial for the success of any organization or community. In the context of public leadership, Christian leaders are called to serve others with humility and prioritize the interests of others over personal gain. This paper argues that humility is the necessary foundation for effective leadership for Christians in public leadership. While traits such as

Rational Choice Theory -- Obama's Sanctions on Iran The Rational Choice Made by a U.S. President The recent action by U.S. President Barack Obama to place additional sanctions on the country of Iran represents one more step in the West's attempt to stymie Iran's apparent drive to build a nuclear bomb. It has been known for some time that Iran had nuclear reactors for generating electricity, and from the production of electricity

Criminology What was the "rational choice theory" of crime causation? The "rational choice theory" of crime causation holds that crime is consciously committed out of an intellectual desire to improve one's situation. Accordingly, the theory does not believe that delinquents are motivated through unconscious urges, but instead contends that people are goal-oriented. Another implication of the theory is that everyone, regardless of their neurological profile, has the ability to act in a