The etymological origin of the word ‘rational’ can be traced back to the late 14th century from the Latin word rationalis which means ‘of belonging to reason or reasonable’. Rationality became the key component in the analysis of human nature and its relation with the society in the following centuries. There were several interpretations of the idea of ‘rationality’ by theorists like Weber and Parsons who said that human action involved both rational and non-rational elements. In the late 20th century, the debates on rationality entered the field of political analysis. Rational choice theory became one of the most dominant approaches of political science. Moving away from the focus on history and culture, rational choice theory focused on the …show more content…
Rationality, according to the theory, means a property of patterns of choices. The basic premise of the modeling under rational choice theory is that individual choices are driven by rationality which means each individual chooses the best action in accordance with his preferences and within the constraints presented by the situation. Given that individuals cannot opt for all the choices presented to them, they are required to make choices which can help them achieve their goals and or at least the means thereof. Therefore the rational choice theory holds that individuals must anticipate the outcomes of alternative courses of action and calculate that which will be best for them. Rational individuals choose the alternative that is likely to give them the greatest …show more content…
The model of individual rationality plays an important role in public policy formulation. Given that rational choice theory propagates the individuals making rational decision, public policy based on rational choice is operated through instruments like incentives and sanctions on the assumption that preferences are determined exogenously and that individual will change its behavior according to its calculation of profit. The policy instruments provide the criticism for the theory