Factors Affecting Rational Choice

When it comes down to it, we all make our own decisions. We weigh the pros and cons to decide if the benefits outweigh the potential punishments. The idea of rational choice theory is that people choose their actions based on the options available and choose the one they most prefer. If their choice is to eat a donut or to not, when they really want to eat it, chances are they will eat it. Once you add in punishment, it gets more complicated. If the person were to be punished for eating it, they will most likely think it through more. Say, it’s a teenager who wants to eat the donut but he knows his father will ground him if he does. This donut is the teen’s favorite kind and he really really wants to eat the donut, but the risk of punishment is there, the teen will weigh the consequences against the benefits. Would he choose a few minutes of a tasty donut and risk being grounded for a week or would he choose to forgo the donut and not get in trouble? The act of having a choice to do something you want to do that also has consequences and causes you to rationally decide if it’s worth it or not is rational choice theory.

My example of the rational choice theory of today is the mexican drug controls of December 2011. The drug trafficking organization in Mexico was highly rational, self-interested actors seeked to maximize profit.

Rational choice theory is a criminology theory designed by Derek Cornish and Ronald Clark which states that before people commit a crime they think about what they are going to do (Snook, Dhami, & Kavanagh, 2011). They consider the pros and cons before performing the criminal action. The entire premise of the rational choice theory is that each individual, regardless of whether rich, poor, educated, or uneducated, all utilize rationality when making the decision to commit a crime (Taylor, 2013). The rational choice theory postulates that when a person weighs the costs and benefits of a crime, that person decides whether or not the benefits are worth the risk. It is about maximizing his or her own self-interest (Jacques & Wright, 2010). The

This paper will cover two criminological theories and they will be applied to two types of criminality. The two theories chosen for the paper were developmental theory and rational choice theory. The two types of crimes that were chosen were organized crime, specifically focusing on gangs, and terrorism. Then the crimes will be compared and contrasted. Finally, the developmental theory will be applied to organized crime to explain why and how it happens. The rational choice theory will be applied to terrorism to explain what compels individuals to attempt this form of criminality.

Rational choice theory originates from the oldest criminological school of thought and criminological theorists, but the theory itself is new, only forming in the last five decades. Ronald Clarke and Derek Cornish, using the work of previous criminologists, put forth the rational choice perspective as a criminological theory (Adler, Mueller, & Laufer, 2016). This theory has its roots in the classical school of thought in which individuals had the power to make decisions after weighing the consequence of such actions (Adler, Mueller, & Laufer, 2016). The work of Cesare Beccaria in the late 1700’s cemented this theory’s existence from the beginning of criminology (Adler, Mueller, & Laufer, 2016). Rational choice theory was also greatly influenced by Jeremy Bentham and his idea of felicific calculus, in which a decision to commit crime is made after putting risk variables in an equation (Adler, Mueller, & Laufer, 2016). Bentham says all humans work this way, evaluating whether a crime is worth committing (Adler, Mueller, & Laufer, 2016). Bentham was inspired by utilitarian theory, which states that individuals make decisions to maximize profits and minimize pain (Adler, Mueller, & Laufer, 2016). In addition, rational choice theory is also based on traditional economic choice theory that states people will choose what will appease their desires after weighing their options (Adler, Mueller, & Laufer, 2016). This paper will examine the effectiveness of the application of rational

Economists have often modelled human decision makers as completely rational. According to this model, rational people know their own preferences, gather and accurately process all relevant information, and then make rational choices that advance their own interests. However, Herbert Simon won a Nobel Prize in economics by pointing out that people are rational, but only boundedly so in that they seldom gather all available information, they often do not accurately process the information

Women use more legal drugs, most of which are prescribed by male physicians to keep them calm. Women’s illicit drug use has been increasing rapidly in the 1990s in the world. Homeless women have a high prevalence of risky use of illegal drugs (Upshur et al,. 2013). Homeless women intend to have low self-esteem and low motivation that can result in a high risk of drug and alcohol dependence. Prospective studies have found that a current substance use disorder, or frequent continued consumption of drugs are associated with lower prospects of exiting from homelessness, prolonged episodes of homelessness, and housing instability. Despite the high need, homeless women report limited use of addiction services (Upshur et al,. 2013). Roberston et al, found that 43.5% of homeless adults identified a need for addiction treatment but had not received services, while Wenzel et al, reported only 27.5% of homeless adults with substance use disorder had accessed inpatient or residential treatment in the last year, with even fewer, 5.6%, having any outpatient treatment (Upshur

The best theory that is best to clarify criminal conduct is Rational choice theory. This theory was picked specifically in light of the fact that criminal conduct is the same as noncriminal conduct. This has been looked into on account of individuals perpetrated violations, nobody constrains them to do anything that he or she wouldn't like to do yet another reason is they surmise that the reward for the wrongdoing would be more fulfilling to their requirements as opposed to having nothing and remaining out of inconvenience like noncriminal individuals. Conceded there has been a lot of research done to make sense of what drives individuals to carry out wrongdoings, keep on doing the violations and what could really make them stop perpetrate

Rational choice theory accepts that all individuals attempt to effectively expand their preference in any circumstance and in this way reliably attempt to minimize their misfortunes. The hypothesis depends on the possibility that all people construct their choices in light of sound figuring’s, act with discernment when picking, and intend to increment either delight or benefit. Rational choice theory likewise stipulates that all unpredictable social wonders are driven by individual human activities. Accordingly, if a business analyst needs to clarify social change or the activities of social organizations, he needs to take a look at the balanced choices of the people that make up the entirety.

Rational choice theory, also known simply as choice theory, is the assessment of a potential offender to commit a crime. Choice theory is the belief that committing a crime is a rational decision, based on cost benefit analysis. The would-be offender will weigh the costs of committing a particular crime: fines, jail time, and imprisonment versus the benefits: money, status, heightened adrenaline. Depending on which factors out-weigh the other, a criminal will decide to commit or forgo committing a crime. This decision making process makes committing a crime a rational choice. This theory can be used to explain why an offender will decide to commit burglary, robbery, aggravated assault, or murder.

In today’s world of various products and services, businesses aim to excel and lead the competition by marketing the most number of consumers, which is a full time endeavor of business. To survive in the market, a firm or an organization has to be constantly innovating and understand the latest consumer trends and tastes. Marketers need to understand consumer behavior because the decision-making process for consumers is anything but straight forward. Consumers’ behaviors and their purchasing patterns is a huge advantage to understanding the way customers think and the reason for their purchases. Therefore, the study of consumer behavior is important because it allows the

The concept of ‘rationality’ has been talked through the centuries. According to Grey (2013), rationality is a big question because of this proposition which has the meaning and difficulties seem to be defining of a whole set of issues which have resonated through both organisation theory and practice ever since. And rationality is the basis of a decision, rational decision makers are objective and logical, they reach the goal that maximises the value. Not only rationality is important to organisations, and also it can be identified in various kinds of management theories. This essay will introduce the different aspects of the concept of ‘rationality’ and make explanations that how these are recognised in different management theories.

This paper will cover the study of behavioral economics and its effect in consumer decision-making. The impact of human factors, importance of making rational decisions, and how all this ties into the economic market will be discussed in the report. This paper will include models, tables, and real world examples of a decision making process as it relates to behavioral economics and consumer buying process. The usefulness of the utility theory will be illustrated as an example pertaining to consumer behavior. The findings will show how consumer rational is

Understanding consumer buying behavior entails marketing, relationships, and consumer behavior. Consumer behavior comprises all the consumer decisions and activities connected with the choosing, buying, using and disposing of goods and services. Marketers must pay very close attention to consumer behavior that occurs before the purchase and after the particular product has been used. Studying consumer habits is one of the steps in marketing search and analysis. In addition to other basic principles of consumer buying habits, marketers also need to study the decision and actions of real people. Until recent history the study of consumer behavior was focused on generalized consumer decisions. With

This report will discuss about the approach to rational decision making process. It discusses how an everyday problem faced by management can be tackled by using