Beyond

Beyond

Rational choice theory is a branch of Economics that seeks to model people’s economic and social decision making. To do this it uses a number of tools including Game Theory. In order to predictably model choices, rational choice economics must assume that people are rational. That is they behave in…
Utilitarianism as a theory has had many incarnations. Act vs Rule Utilitarianism are just two examples of this but all flavours of utilitarianism have at their heart the concept of “the greatest good for the greatest number”. This is, of course, a simplification but it is the working definition of…