1 - 3 of 3 Chapters
[The theory of rational choice (TRC) is a model of explanation used by social science theorists to interpret behavior. Initially, the theory was the dominant paradigm of economics. A fundamental postulate of neoclassical economics was that economic phenomena primarily resulted from the action of...
[The rational choice theory (TRC), in its standard interpretation, is not presented as a causal theory, but as a formal-normative theory. Experimental economics, replacing the standard assumptions regarding the interpretation of the TRC’s more realistic assumptions - for example, a utility...
[According to some theorists, economic phenomena that determine wealth are prioritized in research. This “substantial” definition is often contrasted with the “formal” definition by Lionel Robbins (1935), stating that economic science owes its unity and specificity to the fact that it studies...
Read and print from thousands of top scholarly journals.
Continue with Facebook
Log in with Microsoft
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Sign Up Log In
To subscribe to email alerts, please log in first, or sign up for a DeepDyve account if you don’t already have one.
To get new article updates from a journal on your personalized homepage, please log in first, or sign up for a DeepDyve account if you don’t already have one.