RATIONAL CHOICE MODEL

Rational choice model of economic behavior and how retirement decisions are actually made?

Rational choice model of economic behavior and how retirement decisions are actually made?

In the world of economics, rational behavior is a term used to describe the process of making financial decisions based on which course of action will yield the most benefit. This process is often assumed to be the basis for any type of transaction activity, ranging from the purchase of goods at a local supermarket to opening a business or buying blocks of securities as part of an investment scheme. Rational behavior is also thought ...