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 ...

This refers to a model of human behaviour which states that people act the way they do because they believe that the benefits of their actions will be higher than the associated costs. Proponents of ...

If there is indeed such a rational thought process taking place when corruption is being contemplated, what does it tell us about the Nigerian situation and what it will take for corruption to be ...

Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...

Logic studies how arguments work, and how ideas can fit together. Decision theory studies how decisions should be made, especially under uncertainty. Game theory considers how we reason strategically, ...