Rational Choice Theory | Estateplanning | Vibepedia.Network

Rational choice theory is a theoretical framework that seeks to explain human behavior and decision-making by assuming that individuals act rationally to maximize their utility or satisfaction. Developed by economists like Gary Becker and sociologists like James Coleman, this theory has been influential in fields such as economics, sociology, and political science. Critics, including scholars like Amartya Sen and Herbert Simon, argue that the theory oversimplifies human behavior and neglects the role of emotions, social norms, and cognitive biases.