Define the Theory of Rational Choice and List the Steps

question 1

Essay

Define the theory of rational choice and list the steps involved in the rational decision making process.1.Define the problem or opportunity
2.Identify the objectives
3.Weigh the objectives according to importance
4.Identify a few possible courses of action
5.Rate each course of action on each of the objectives
6.Compute the optimal decision

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Definitions:

Excuses

Reasons or explanations put forward to defend or justify a fault or offense, often made to avoid taking responsibility.

Self-Talk

The internal dialogue that occurs in one's mind, which can be positive or negative and has the power to influence feelings and behaviors.

Confidence

A feeling of self-assurance arising from one's appreciation of their own abilities or qualities.

Self-Esteem

An individual’s subjective evaluation of their own worth, encompassing beliefs about oneself as well as emotional states such as triumph, despair, pride, and shame.