Discover the Dollar Auction game, a fascinating paradox of rational choice theory, where bidding strategies can lead to surprising outcomes. Learn how it challenges logical decisions.

Rational choice theory (RCT) theorists believe that most human decisions are based on maximizing a person's own benefits, while minimizing that which can hurt the individual, according to Business ...

Learn how behaviorists explain market inefficiencies through human psychology. Discover key concepts in behavioral economics and finance that challenge rational models.

4/14/2011 - Why do people vote? Why do voters form parties? When do candidates adopt centrist platforms in general elections? Political scientists have debated these questions for generations, based ...

The legal and administrative apparatus responsible for the social control of organizations relies extensively on the deterrent effects of punishment. This strategy presumes a rational choice model of ...

Drawn largely from Stark and Bainbridge's theory of religion, a modified rational choice model of religious behavior is presented and tested using data from the Institute of Statistical Mathematics in ...

4/14/2011 - Why do people vote? Why do voters form parties? When do candidates adopt centrist platforms in general elections? Political scientists have debated these questions for generations, based ...