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Daniele Schilirò

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Review Open access Sep 2026

Rational Choice Theory: A Review of Historical Evolution, Critiques, and Domain Validity

Rational Choice Theory (RCT) constitutes the analytical foundation of neoclassical microeconomics and contemporary decision theory, modeling individual choice as a mathematically consistent process of utility maximization grounded in axiomatic principles of rationality. This paper examines the historical and conceptual...

Daniele Schilirò · 0 citations

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