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What is rational decision making economics?

Ethan Gonzales | 2023-06-05 16:37:55 | page views：1430
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Isabella Carter

Studied at the University of Sydney, Lives in Sydney, Australia.
Rational choice theory is an economic principle that states that individuals always make prudent and logical decisions. These decisions provide people with the greatest benefit or satisfaction -- given the choices available -- and are also in their highest self-interest.
2023-06-15 16:37:55
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Taylor Davis

QuesHub.com delivers expert answers and knowledge to you.
Rational choice theory is an economic principle that states that individuals always make prudent and logical decisions. These decisions provide people with the greatest benefit or satisfaction -- given the choices available -- and are also in their highest self-interest.
Rational Choice Theory - Investopedia
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