Rational Choice Theory
E. Elgar, 1991 - Social Science - 408 pages
Modern sociological theory has to a considerable degree been fashioned in reaction to assumptions about human rationality. This important volume argues in favour of re-establishing rather relaxed assumptions of rationality as a basis for building theory. Although such theories often fail, they prove to be more successful in building predictive and deductive models of human affairs than any competing theoretical framework.
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A's power actors agent alternative American Journal amount analysis argue assumption bargaining behavior benefit Blau capitalism capitalist causal coalition compliance concept constraints contribution cooperation costs decision depends dilemma economic theory economists effect Elster empirical equilibrium ethnic collective action example expected utility exploitation extortion free rider functional explanation G.A. Cohen game theory given hemisphere incentives increase indifference curves institutions interaction interest investment involved Journal of Sociology labor Marxist maximize measure mental accounting methodological individualism normal norms Olson opportunity costs organization outcomes paradigm participation payoff person players political possible predictions preferences Prisoner's Dilemma probability problem production rational choice theory reason relations relative deprivation revolt rewards risk seeking role sanctions situation social theory society sociologists status strategy structure subjects theoretical theory of action tion tive University Press utility function vertical thinking workers