Rational Choice Theory is a framework used in economics and social sciences to understand decision-making. It assumes that individuals make choices by weighing the costs and benefits of different options, aiming to maximize their utility or satisfaction. This theory suggests that people act in their self-interest, using logical reasoning to evaluate the potential outcomes of their actions.
The theory is often applied in various fields, including political science, sociology, and behavioral economics. It helps explain behaviors such as voting, purchasing decisions, and resource allocation. Critics argue that it oversimplifies human behavior by not accounting for emotions and social influences.