THE PSYCHOLOGY OF EMOTIONS
SOCIAL THEORY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What Assumptions of Rational Choice Theory is this:All actions can be ranked in a complete partial ordering of preference
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Completeness
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Transitivity
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Independence of Irrelevant Alternatives
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None of the above
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Explanation:
Detailed explanation-1: -The theory also assumes that individuals have preferences out of available choice alternatives. These preferences are assumed to be complete and transitive. Completeness refers to the individual being able to say which of the options they prefer (i.e. individual prefers A over B, B over A or are indifferent to both).
Detailed explanation-2: -Rational decision-making is based on the assumption that people have well-defined goals and that they are able to calculate and compare the potential costs and benefits of different options in order to choose the one that is most likely to achieve their goals.
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