Concept information
Preferred term
rational choice and the rational actor
Definition
- Rational choice applies the tools of economics to the study of politics and law. Rational choice is an umbrella term that includes public choice or interest group theory (the study of group influence on political institutions), social choice (the study of the implications of collective intransitivity for group decision making), and game theory (the study of how strategy affects outcomes in constructed interactive games). [Source: Encyclopedia of Law & Society: American and Global Perspectives; Rational Choice and the Rational Actor]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/rational_choice_and_the_rational_actor
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