According to Graham Allison, the core concepts of the rational action models are: 1. Interests and values are translated into payoffs, utilities or preferences functions which represent the alternative set of consequences of the possible actions taken. 2. Possible alternatives of actions. 3. Consequences to each alternative or outcomes of each choice...
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Possible alternatives of actions. 3. Consequences to each alternative or outcomes of each choice. 4. A rational choice which consists in selecting the alternative whose consequences has the highest payoff functions. These four points formalize a rational action in economics, game theory and political science...
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