What Is A Rational Economic Decision Example? The idea that individuals will always make rational, cautious and logical decisions is known as the rational choice theory. An example of a rational choice would be an investor choosing one stock over another because they believe it offers a higher return. Savings may also play into rational
What Is Rational Economic Behavior? Key Takeaways. Rational behavior refers to a decision-making process that is based on making choices that result in an optimal level of benefit or utility. Rational choice theory What is rational behavior example? Description: Rational behaviour facilitates decision making that may not always give the best possible returns materially. …
What Is The Rational Behavior In Economics? What Is Rational Behavior? Rational behavior refers to a decision-making process that is based on making choices that result in the optimal level of benefit or utility for an individual. … Most classical economic theories are based on the assumption that all individuals taking part in an activity