What role does emotions play in rational choice theories?
What role does emotions play in rational choice theories?
In life we tend to make many decisions emotionally, however, several decisions are also a product of rationality and that is related to the rational choice theory originally propunded by Adam Smith, which means choices made by individuals based on their self-interests that will benefit them in the end. People tend to choose among various options and then select the best option which rationally weighs more in terms of their self-benefit. For example, an active smoker decided to quit smoking based on rational choice theory as he found that it will serve his self-interest which helps him to lead a healthy life. Thus in this way rational choice theory is applied to individuals' life decisions.
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