 ##  [Rational Choice Theory](/index.php/rational-choice-theory) 

  ##  [Rational Choice Theory](https://humanitites.quantumdictionary.io/rational-choice-theory-0) 

  
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**Humanities &amp; Arts Dictionary**

 
Definition

A formal modeling framework that represents individual agents as holding preferences over outcomes and selecting actions so as to maximize expected utility subject to informational, computational, and institutional constraints; used to generate predictions, counterfactuals, and equilibria from explicit preference and choice assumptions.