QuestionJune 16, 2025

Which of the following is an assumption made by rational choice theory? A rational agent spends either time, energy, or resources to make a decision. A rational individual can never have perfect information regarding all possible choices. A rational individual does not consider what others have chosen or what others think before making a decision Individuals make decisions based on the greatest good for all parties concerned

Which of the following is an assumption made by rational choice theory? A rational agent spends either time, energy, or resources to make a decision. A rational individual can never have perfect information regarding all possible choices. A rational individual does not consider what others have chosen or what others think before making a decision Individuals make decisions based on the greatest good for all parties concerned
Which of the following is an assumption made by rational choice theory?
A rational agent spends either time, energy, or resources to make a decision.
A rational individual can never have perfect information regarding all possible choices.
A rational individual does not consider what others have chosen or what others think before
making a decision
Individuals make decisions based on the greatest good for all parties concerned

Solution
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Answer

A rational individual can never have perfect information regarding all possible choices. Explanation Rational choice theory assumes that individuals make decisions based on their preferences and the information available to them. It does not assume perfect information, but it does consider how others' choices can influence an individual's decision-making process.

Explanation

Rational choice theory assumes that individuals make decisions based on their preferences and the information available to them. It does not assume perfect information, but it does consider how others' choices can influence an individual's decision-making process.
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