Question
rational choice theory
Provide a reference for the information above havard referencing style and who came up with it
Provide a reference for the information above havard referencing style and who came up with it
Answers
There are no human answers yet.
Answered by
GPT 3.5
The rational choice theory argues that individuals make decisions based on rational calculations of their own self-interest. This theory was developed by the sociologist George Akerlof in his research on economics and decision-making (Akerlof, 1970).
Reference:
Akerlof, G. A. (1970). The market for “lemons”: Quality uncertainty and the market mechanism. Quarterly Journal of Economics, 84(3), 488-500.
Reference:
Akerlof, G. A. (1970). The market for “lemons”: Quality uncertainty and the market mechanism. Quarterly Journal of Economics, 84(3), 488-500.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.