What is another word for rational choice theory?
Pronunciation: [ɹˈaʃənə͡l t͡ʃˈɔ͡ɪs θˈi͡əɹi] (IPA) 
Rational choice theory is an approach to decision making that assumes individuals will make choices based on their own self-interest and the likelihood of achieving desired outcomes. Synonyms for rational choice theory may include: utility maximization, instrumental rationality, economic rationality, cost-benefit analysis, decision theory, and game theory. These concepts emphasize the importance of weighing the costs and benefits of different options when making decisions. Additionally, they highlight the rational and strategic nature of decision making and the idea that individuals will choose the action that best serves their own goals and interests. Overall, these synonyms capture the essential elements of rational choice theory and help to elucidate different aspects of this useful decision-making framework.
