Is Rational Choice Theory Rational?

IntroductionTheory of rationality of homophiles originated from the economics field of our society . decade Smith , eighteenth century economist , is credited as been the first scholar to introduce the notion of rationality of human beings in economic look . This was explained in his writing wealthiness of nations , which was published in 1776 . raptus was of the view that humans acted rationally when it came into making economic choices Economic choices that ar referred to by Adam here are those that involve the exchange of goods and services for lettuce . Humans are calculative when it came to these choices because they forget leaven to increase profits while at the same time minimizing or avoiding losses or painsHowever , sociologists took this theory and adapted it into human behavior in the mixer setting , rather than the economic linguistic context . In economics , what is exchanged are goods and services for pecuniary or other forms of profits .

But when it comes to the social context , what are exchanged are social actions , and profits are in forms of social approval or recognition . This kernel that humans will engage in social actions in to gain recognition , approval , respect and other forms of social capital . Rationality comes in when the social actor tries to maximise the profits gained and reduce or avoid losses or pains Humans will engage in behaviors that will maximize gains and reduce costs . The choice of these actions is rational and is make deliberately For instance , a person will try to avoid committing...If you want to get a full essay, fix up it on our website: Orderessay

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