Making a Rational Choice

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Let’s consider the same with an example:

For an instance you love the flavor of chocolate in particular. So what does that lead to? Probably you will prefer chocolate ice-cream as the best flavor under your choice, right? Well that is known as rational choice.

Rational choice is dependent on the primary segment that is: what is your favorite flavor?

Therefore, we can say that rational choice is the one that compares the costs with the benefits and a decision is made where an individual (or government, in economic decision) enjoy better benefits. So therefore, the rationality is dependent on the choice that a persona makes for their benefits.

From this example, one can relate to the primary questions like: why people prefer iMac on top of dell? Why individuals prefer a certain goods and services for their benefits? Why is Indian government building a sewage project on the outskirts of Jaipur? And so on.

The answer lies of the intensity of the rational choice.

 

 

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