Rational choice theory
Rational choice theory, also known as choice theory or rational action theory, is a framework for understanding and often formally modeling social and economic behavior. Rationality, interpreted as "w...
Public choice theory
Public choice or public choice theory refers to "the use of economic tools to deal with traditional problems of political science". Its content includes the study of political behavior. In political s...
Rent-seeking
In economics and public choice theory, rent-seeking is seeking to increase one's share of existing wealth without creating new wealth. The effects of rent-seeking are reduced economic efficiency throu...
Social Choice and Individual Values
Kenneth Arrow's monograph Social Choice and Individual Values (1951, 2nd ed., 1963) and a theorem within it created modern social choice theory, a rigorous melding of social ethics and voting theory ...
Preference revelation
In public choice theory, preference revelation (also preference revelation problem) is an area of study concerned with ascertaining the public's demand for public goods. If government planners do not...
Ecological rationality
Ecological rationality is a particular account of practical rationality, which specifies the norms of rational action – what one ought to do in order to be rational. The presently dominant account of ...
Trade-off talking rational economic person
Trade-off talking rational economic person (acronym: T.O.T.R.E.P.) is one term, among various, used to denote, in the field of choice analysis, the rational, human agent of economic decisions.
The...
Homo reciprocans
Homo reciprocans, or reciprocal human, is the concept in some economic theories of humans as cooperative actors who are motivated by improving their environment. This concept stands in contrast to the...
Bureaucratic drift
Bureaucratic drift in American political science is a theory that seeks to explain the tendency for bureaucratic agencies to create policy that deviates from the original mandate. The difference betw...
Altruism theory of voting
The altruism theory of voting is a model of voter behavior which states that if citizens in a democracy have “social” preferences for the welfare of others, the extremely low probability of a single v...
The Logic of Collective Action
The Logic of Collective Action: Public Goods and the Theory of Groups is a book by Mancur Olson, Jr. published in 1965. It develops a theory of political science and economics of concentrated benefits...
Public interest theory
Public interest theory is an economic theory first developed by Arthur Cecil Pigou that holds that regulation is supplied in response to the demand of the public for the correction of inefficient or i...
Homo economicus
In economics, homo economicus, or economic human, is the concept in many economic theories of humans as rational and narrowly self-interested actors who have the ability to make judgments toward their...
Cardinal voting systems
Cardinal voting systems are voting systems which allow the voter to give each candidate an independent rating or grade from among at least two levels of approval. Along with ordinal voting systems (al...
Cardinal voting systems - Wikipedia
Privilege (legal ethics)
A privilege is a special entitlement to immunity granted by the state or another authority to a restricted group, either by birth or on a conditional basis. Land-titles and taxi medallions are pronoun...
Rational addiction
Rational addiction is the hypothesis that addictions can be usefully modeled as specific kinds of rational, forward-looking, optimal consumption plans. The canonical theory comes from work done by Kev...
Rational expectations
Rational expectations is a hypothesis in economics which states that agents' predictions of the future value of economically relevant variables are not systematically wrong in that all errors are rand...
Forced rider
A forced rider in economics is a person who is required, by government or other collective, to share in the costs of goods or services without benefiting from them. Such goods are typically non-exclud...
Congress: The Electoral Connection
Congress: The Electoral Connection is a book by David Mayhew that applies rational choice theory to the actions of American Congressmen. Mayhew argues that Congressmen are motivated by re-election.May...
Michael Taylor (political scientist)
Michael Taylor (born 1942) is a political theorist and political economist, who is currently a professor at the University of Washington. His research interests include rational choice theory, moral m...