Rational choice theory (RCT) theorists believe that most human decisions are based on maximizing a person's own benefits, while minimizing that which can hurt the individual, according to Business ...

Choice theory provides a fundamental framework for understanding how individuals and groups make decisions, integrating elements of economics, psychology, and sociology. This interdisciplinary field ...

This is a preview. Log in through your library . Abstract We develop a formal theory of legitimate collective choice. In our theory a policy choice is legitimate if the process through which the final ...

Do you know someone who is convinced that nothing he or she can do about a situation will change the outcome? Maybe it's about diet, a relationship, or a job. My friend Mark is this type of person.

This course is available on the MSc in Applicable Mathematics, MSc in Political Science and Political Economy and MSc in Political Theory. This course is available with permission as an outside option ...

This interview first appeared in The Browser, as part of the FiveBooks series. Previous contributors include Paul Krugman, Woody Allen and Ian McEwan. For a daily selection of new article suggestions ...

This paper examines the UK poll tax or 'Community Charge' proposals and legislation from a public choice perspective. It argues that there is more logic behind the tax proposals than many credit, and ...

Prospect theory has emerged as a pivotal framework in understanding travel choice behaviour under uncertainty, offering a nuanced perspective that diverges from traditional expected utility theory.