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Meaning of rational choice theory | Babel Free

Noun CEFR C1

Definitions

A theory that argues individual decisions are based on that individual's understanding of the costs and benefits of a given action, shaped throughout the assumptions of self-interest and rational actors.

uncountable

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
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See also

rational dress rational egoism rational egoist rational function rational horizon rational number

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