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Rational choice, decision making and globalisation

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A paper which compares rational choice and decision making in terms of their applicability to social and economic policies, in view of the spread of globalisation and transnational trade. Bibliography lists 4 sources.

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5 pages (~225 words per page)

File: JL5_JLratchoi.rtf

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to look briefly at the way the two processes can be defined, and the differences between them. For example, Dupuy (2003) sees rational choice theory as a means of achieving a neutral perspective which is not influenced by psychological assumptions or philosophies of mind (Dupuys, 2003, PG). Rational choice is therefore based on empirical principles, and seeks to arrive at decisions which are based on facts rather than particular philosophical mindsets. According to Doyle (2003) decision making is the process of choosing between different options in such as way that such a choice fits with the pre-existing ideology of the individual or group making the decision. One could say that on the face of it, the latter process is less likely to be based solely on rationalism, since it presupposes the existence of specific parameters within which the decision must be made. However, it could also be asserted that to adopt a completely rational choice will not always be appropriate or even possible: one could not make a policy decision regarding the actions of a particular state which completely contravened the states existing ideology. Hollis (2003) also makes the point that with the advent of increasing globalisation, it is no longer possible to assume that states can or will make decisions which affect them alone, since their ability to do so in an autonomous manner has declined. Individual states, for the most part, do not have the capacity to offer full employment or stable economies solely on their own, since such issues have an increasingly global focus. Stone (2002) also makes the point that within ...

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