Rational Choice Theory PDF
Document Details
Uploaded by UnconditionalGuitar
Tags
Summary
This presentation explores rational choice theory and its key concepts, including rational actors, self-interest, and the invisible hand. It also presents hypothetical questions to stimulate discussion, including examples about people's choices, like a bakery.
Full Transcript
WOULD YOU RATHER MAKE AN IMPACT ON THE WORLD BUT REMAIN UNKNOWN, OR BE FAMOUS WITHOUT MAKING A SIGNIFICANT IMPACT? WOULD YOU RATHER KNOW WHEN YOU ARE GOING TO DIE OR HOW YOU ARE GOING TO DIE? WOULD YOU RATHER BE FEARED BY ALL OR LOVED BY ALL? WOULD YOU RATHER KNOW AN...
WOULD YOU RATHER MAKE AN IMPACT ON THE WORLD BUT REMAIN UNKNOWN, OR BE FAMOUS WITHOUT MAKING A SIGNIFICANT IMPACT? WOULD YOU RATHER KNOW WHEN YOU ARE GOING TO DIE OR HOW YOU ARE GOING TO DIE? WOULD YOU RATHER BE FEARED BY ALL OR LOVED BY ALL? WOULD YOU RATHER KNOW AN UNCOMFORTABLE TRUTH OR BELIEVE A COMFORTING LIE? EXAMPLE: Imagine a bakery that makes delicious bread. If many people buy bread from this bakery because they love it, the bakery will be encouraged to keep making it and maybe even try new recipes. At the same time, other bakeries might also start making better bread to compete. \
