DISS Rational Choice Theory Presentation (1).pptx

DISS Quarter 2

1. Rational Choice Theory A Simple Overview

2. What is Rational Choice Theory? Rational Choice Theory (RCT) is a framework for understanding social and economic behavior. It assumes that individuals make decisions by comparing the costs and benefits of various options, and choose the one that maximizes their personal advantage.

3. Key Assumptions - Individuals have preferences. - They act in a way to maximize utility. - Decisions are made based on available information. - Choices are consistent over time.

4. Example Scenario Imagine a student choosing between studying and going out with friends. If the student values good grades more than socializing, they will choose to study. This decision reflects a rational choice based on personal preferences and expected outcomes.

5. Criticisms of THIS THEORY - Assumes people always act rationally. - Ignores emotions and social influences. - May oversimplify complex human behavior.

6. Applications of RCT - Economics: Market behavior, consumer choices - Political Science: Voting behavior, policy decisions - Sociology: Social interactions and norms - Criminology: Decision to commit a crime

7. Conclusion Rational Choice Theory provides a useful lens to understand decision-making. While not perfect, it helps explain how people weigh options and make choices based on perceived benefits.