Rational-choice models focus on patterns of behavior to see how they conform to or depart from normal expectations of profit and loss.

Name: Rational-choice models focus on patterns of behavior to see how they conform to or depart from normal expectations of profit and loss.
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Question

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Rational-choice models analyze decision-making by assuming individuals act to maximize their utility, often in terms of profit and loss, and examine how actual behavior aligns or deviates from these expectations.

Rational-Choice Models Focus on Patterns of Behavior to See How