Which of the following is an assumption made by rational choice theory?

• A. Individuals always act altruistically regardless of personal gain.
• B. Individuals ignore available information when making choices.
• C. Individuals make decisions based solely on tradition.
• D. Individuals weigh costs and benefits to maximize their utility.

Answer: (D)

Verified step by step guidance

1. Understand that rational choice theory assumes individuals make decisions by comparing the costs and benefits of different options.
2. Recognize that the goal of individuals under this theory is to maximize their utility, which means achieving the highest personal satisfaction or benefit.
3. Note that rational choice theory does not assume individuals act altruistically without regard to personal gain; instead, it focuses on self-interest.
4. Acknowledge that individuals are assumed to use available information rather than ignoring it when making decisions.
5. Realize that decisions are based on weighing costs and benefits, not solely on tradition or habits.