Critique the Explanation of Rational Choice

Authors

  • Phichai Ratnatilaka Na Bhuket An Associate Professor of Faculty of Social and Environmental Development, National Institute of Development Administration

Keywords:

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Abstract

This article aim to understand and critique the paradigm of rational choice explanation-proposing the formal analysis of human’s societal decision makings utilizing reasons based on a set of beliefs and proposes. This paradigm appears in various theories of economics, such as; Game theory, probability theory, and theory of public goods. However, this paradigm falls under contests within and between groups of social scientists-especially a number of social scientists believe that the explanation of economic rational choice is too abstract for explanation of human actions living under different cultural contexts.

References

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Published

2019-06-30

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Section

Original Article