Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

Rational choice theory (RCT) theorists believe that most human decisions are based on maximizing a person's own benefits, while minimizing that which can hurt the individual, according to Business ...

Choice theory provides a fundamental framework for understanding how individuals and groups make decisions, integrating elements of economics, psychology, and sociology. This interdisciplinary field ...

Philosophy of Science, Vol. 72, No. 1 (January 2005), pp. 231-240 (10 pages) There is a very plausible transitivity principle for theory choice. It says that if all criteria of theory evaluation are ...

Social choice theory examines the methods by which individual preferences are aggregated to form collective decisions. It underpins many democratic procedures and economic models by offering ...

This is a preview. Log in through your library . Abstract We develop a formal theory of legitimate collective choice. In our theory a policy choice is legitimate if the process through which the final ...

Do you know someone who is convinced that nothing he or she can do about a situation will change the outcome? Maybe it's about diet, a relationship, or a job. My friend Mark is this type of person.

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...