DISS RATIONAL CHOICE THEORY

Question 1

It is the view that people behave as they do because they believe that performing thier choice actions has more benefits than costs

Answer 1

Rational Choice Theory

Question 2

An amount that has to be paid or spent to buy or obtain something

Answer 2

Cost

Question 3

An advantage or profit gained from something

Answer 3

Benefit

Question 4

It is the ability of an individual to ultimately take actions

Answer 4

Individualism

Question 5

Individuals choose their actions optimally, given their individual preferences as well as the opportunities or constraints with which the individuals face.

Answer 5

Optimality

Question 6

These structures and norms that dictate a single course of action are merely special cases of rational choice theory.

Answer 6

Structures

Question 7

The action of an individual is concerned entirely with his/her own welfare.

Answer 7

Self regarding interest

Question 8

It is the most predominant assumption of the rational choice theory.

Answer 8

Rationality

Question 9

This means that one set of assumptions is compatible with any set of assumptions about the environmental setting in which the actor is present

Answer 9

Generality

Question 10

The common knowledge of rationality assumption

Answer 10

Parsimony