International Journal of Social Science & Economic Research
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Title:
CHOOSE WISELY: RETHINKING THE PHILOSOPHICAL ORIGINS OF RATIONAL CHOICE THEORY IN 21ST CENTURY MARKETS

Authors:
Keshav Agarwal

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Keshav Agarwal
St. John's High School Chandigarh

MLA 8
Agarwal, Keshav. "CHOOSE WISELY: RETHINKING THE PHILOSOPHICAL ORIGINS OF RATIONAL CHOICE THEORY IN 21ST CENTURY MARKETS." Int. j. of Social Science and Economic Research, vol. 7, no. 7, July 2022, pp. 1994-2000, doi.org/10.46609/IJSSER.2022.v07i07.017. Accessed July 2022.
APA 6
Agarwal, K. (2022, July). CHOOSE WISELY: RETHINKING THE PHILOSOPHICAL ORIGINS OF RATIONAL CHOICE THEORY IN 21ST CENTURY MARKETS. Int. j. of Social Science and Economic Research, 7(7), 1994-2000. Retrieved from https://doi.org/10.46609/IJSSER.2022.v07i07.017
Chicago
Agarwal, Keshav. "CHOOSE WISELY: RETHINKING THE PHILOSOPHICAL ORIGINS OF RATIONAL CHOICE THEORY IN 21ST CENTURY MARKETS." Int. j. of Social Science and Economic Research 7, no. 7 (July 2022), 1994-2000. Accessed July, 2022. https://doi.org/10.46609/IJSSER.2022.v07i07.017.

References

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ABSTRACT:
The authenticity and validity of the rational choice theory has been a contention of debate since the beginning of its conception in the eighteenth century. A lot has been discussed with regard to its origins — whether it is embedded in the philosophical or not — and its application (or perhaps neglect) to accurately infer theories and postulations. With the onset of the global Pandemic, these debates have further been fuelled. This research, with this exact intent in mind, reassess and reevaluates the philosophical origins of the theory, and its contemporary-day applications. To carry out this study, the background of the theory was revisited, and this background was discussed against the backdrop of critically re-approaching the theory, and its novel tenets.

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