DISS

Rational Choice Theory assumes individuals make decisions to:

• Benefit society as a whole

• Avoid taking risks

• Maximize personal utility

• Minimize effort

Which of the following concepts is most central to Rational Choice Theory?

• Cultural values

• Self-interest

• Collective decision-making

• Emotional connections

In Rational Choice Theory, the term "bounded rationality" refers to:

• The idea that decisions are made without constraints

• Limitations on decision-making due to incomplete information

• A focus on group consensus

• Emotional decision-making

Game theory is closely associated with which broader concept?

• Hermeneutics

• Institutionalism

• Rational Choice Theory

• Environmental systems

A decision is considered "rational" when it:

• Benefits others

• Is free from emotion

• Is based on logical evaluation of alternatives

• Follows societal norms

The "prisoner's dilemma" demonstrates:

• Cooperative behavior is always optimal

• Individual rationality may lead to suboptimal group outcomes

• Emotional biases in decision-making

• Institutions create constraints

Rational Choice Theory applies primarily to:

• Only economic decisions

• Personal and political decisions

• Group decisions only

• None of the above

Which critique is often made against Rational Choice Theory?

• It overemphasizes cultural norms

• It ignores emotions and social context

• It is too focused on psychology

• It is not mathematical enough

The concept of "opportunity cost" is integral to:

• Institutionalism

• Rational Choice Theory

• Hermeneutical Phenomenology

• Environmental Science

In Rational Choice Theory, collective action problems often arise because:

• Individuals prioritize group benefits

• Individuals act in their own self-interest

• Institutions fail to guide decisions

• Phenomenology ignores external constraints