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Comprehension:You are presented with a paragraph with options (1), (2), (3), (4) and (5). Read the paragraph carefully and identify which of the given options correctly explains the paragraph or correctly summarizes it, if none of the options correctly explains it mark (5) as your answer.Question:Rational choice theory assumes that all people try to actively maximize their advantage in any situation and therefore consistently try to minimize their losses. The theory is based on the idea that all humans base their decisions on rational calculations, act with rationality when choosing, and aim to increase either pleasure or profit. Rational choice theory also stipulates that all complex social phenomena are driven by individual human actions. Therefore, if an economist wants to explain social change or the actions of social institutions, he needs to look at the rational decisions of the individuals that make up the whole.a)As per Rational choice theory, all the decisions taken by people are in their highest self-interest so any social change or planning driven by these individual decisions lead to a quintessential outcome.b)Rational Choice theory suggests that all complex social phenomena can be explained in terms of the elementary individual actions, only the ones which are rationally motivated, of which they are composed.c)As per the Rational Choice theory, rational individuals choose the alternative that is likely to give them the greatest satisfaction together building any social phenomena that is motivated by profit.d)Rational choice theory postulates that individuals always make prudent and logical decisions, which provide people with the greatest benefit or satisfaction, and all social phenomena are reducible to these individual decisions.e)None of the aboveCorrect answer is option 'D'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Comprehension:You are presented with a paragraph with options (1), (2), (3), (4) and (5). Read the paragraph carefully and identify which of the given options correctly explains the paragraph or correctly summarizes it, if none of the options correctly explains it mark (5) as your answer.Question:Rational choice theory assumes that all people try to actively maximize their advantage in any situation and therefore consistently try to minimize their losses. The theory is based on the idea that all humans base their decisions on rational calculations, act with rationality when choosing, and aim to increase either pleasure or profit. Rational choice theory also stipulates that all complex social phenomena are driven by individual human actions. Therefore, if an economist wants to explain social change or the actions of social institutions, he needs to look at the rational decisions of the individuals that make up the whole.a)As per Rational choice theory, all the decisions taken by people are in their highest self-interest so any social change or planning driven by these individual decisions lead to a quintessential outcome.b)Rational Choice theory suggests that all complex social phenomena can be explained in terms of the elementary individual actions, only the ones which are rationally motivated, of which they are composed.c)As per the Rational Choice theory, rational individuals choose the alternative that is likely to give them the greatest satisfaction together building any social phenomena that is motivated by profit.d)Rational choice theory postulates that individuals always make prudent and logical decisions, which provide people with the greatest benefit or satisfaction, and all social phenomena are reducible to these individual decisions.e)None of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Comprehension:You are presented with a paragraph with options (1), (2), (3), (4) and (5). Read the paragraph carefully and identify which of the given options correctly explains the paragraph or correctly summarizes it, if none of the options correctly explains it mark (5) as your answer.Question:Rational choice theory assumes that all people try to actively maximize their advantage in any situation and therefore consistently try to minimize their losses. The theory is based on the idea that all humans base their decisions on rational calculations, act with rationality when choosing, and aim to increase either pleasure or profit. Rational choice theory also stipulates that all complex social phenomena are driven by individual human actions. Therefore, if an economist wants to explain social change or the actions of social institutions, he needs to look at the rational decisions of the individuals that make up the whole.a)As per Rational choice theory, all the decisions taken by people are in their highest self-interest so any social change or planning driven by these individual decisions lead to a quintessential outcome.b)Rational Choice theory suggests that all complex social phenomena can be explained in terms of the elementary individual actions, only the ones which are rationally motivated, of which they are composed.c)As per the Rational Choice theory, rational individuals choose the alternative that is likely to give them the greatest satisfaction together building any social phenomena that is motivated by profit.d)Rational choice theory postulates that individuals always make prudent and logical decisions, which provide people with the greatest benefit or satisfaction, and all social phenomena are reducible to these individual decisions.e)None of the aboveCorrect answer is option 'D'. Can you explain this answer?.

Solutions for Comprehension:You are presented with a paragraph with options (1), (2), (3), (4) and (5). Read the paragraph carefully and identify which of the given options correctly explains the paragraph or correctly summarizes it, if none of the options correctly explains it mark (5) as your answer.Question:Rational choice theory assumes that all people try to actively maximize their advantage in any situation and therefore consistently try to minimize their losses. The theory is based on the idea that all humans base their decisions on rational calculations, act with rationality when choosing, and aim to increase either pleasure or profit. Rational choice theory also stipulates that all complex social phenomena are driven by individual human actions. Therefore, if an economist wants to explain social change or the actions of social institutions, he needs to look at the rational decisions of the individuals that make up the whole.a)As per Rational choice theory, all the decisions taken by people are in their highest self-interest so any social change or planning driven by these individual decisions lead to a quintessential outcome.b)Rational Choice theory suggests that all complex social phenomena can be explained in terms of the elementary individual actions, only the ones which are rationally motivated, of which they are composed.c)As per the Rational Choice theory, rational individuals choose the alternative that is likely to give them the greatest satisfaction together building any social phenomena that is motivated by profit.d)Rational choice theory postulates that individuals always make prudent and logical decisions, which provide people with the greatest benefit or satisfaction, and all social phenomena are reducible to these individual decisions.e)None of the aboveCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.

Here you can find the meaning of Comprehension:You are presented with a paragraph with options (1), (2), (3), (4) and (5). Read the paragraph carefully and identify which of the given options correctly explains the paragraph or correctly summarizes it, if none of the options correctly explains it mark (5) as your answer.Question:Rational choice theory assumes that all people try to actively maximize their advantage in any situation and therefore consistently try to minimize their losses. The theory is based on the idea that all humans base their decisions on rational calculations, act with rationality when choosing, and aim to increase either pleasure or profit. Rational choice theory also stipulates that all complex social phenomena are driven by individual human actions. Therefore, if an economist wants to explain social change or the actions of social institutions, he needs to look at the rational decisions of the individuals that make up the whole.a)As per Rational choice theory, all the decisions taken by people are in their highest self-interest so any social change or planning driven by these individual decisions lead to a quintessential outcome.b)Rational Choice theory suggests that all complex social phenomena can be explained in terms of the elementary individual actions, only the ones which are rationally motivated, of which they are composed.c)As per the Rational Choice theory, rational individuals choose the alternative that is likely to give them the greatest satisfaction together building any social phenomena that is motivated by profit.d)Rational choice theory postulates that individuals always make prudent and logical decisions, which provide people with the greatest benefit or satisfaction, and all social phenomena are reducible to these individual decisions.e)None of the aboveCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Comprehension:You are presented with a paragraph with options (1), (2), (3), (4) and (5). Read the paragraph carefully and identify which of the given options correctly explains the paragraph or correctly summarizes it, if none of the options correctly explains it mark (5) as your answer.Question:Rational choice theory assumes that all people try to actively maximize their advantage in any situation and therefore consistently try to minimize their losses. The theory is based on the idea that all humans base their decisions on rational calculations, act with rationality when choosing, and aim to increase either pleasure or profit. Rational choice theory also stipulates that all complex social phenomena are driven by individual human actions. Therefore, if an economist wants to explain social change or the actions of social institutions, he needs to look at the rational decisions of the individuals that make up the whole.a)As per Rational choice theory, all the decisions taken by people are in their highest self-interest so any social change or planning driven by these individual decisions lead to a quintessential outcome.b)Rational Choice theory suggests that all complex social phenomena can be explained in terms of the elementary individual actions, only the ones which are rationally motivated, of which they are composed.c)As per the Rational Choice theory, rational individuals choose the alternative that is likely to give them the greatest satisfaction together building any social phenomena that is motivated by profit.d)Rational choice theory postulates that individuals always make prudent and logical decisions, which provide people with the greatest benefit or satisfaction, and all social phenomena are reducible to these individual decisions.e)None of the aboveCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Comprehension:You are presented with a paragraph with options (1), (2), (3), (4) and (5). Read the paragraph carefully and identify which of the given options correctly explains the paragraph or correctly summarizes it, if none of the options correctly explains it mark (5) as your answer.Question:Rational choice theory assumes that all people try to actively maximize their advantage in any situation and therefore consistently try to minimize their losses. The theory is based on the idea that all humans base their decisions on rational calculations, act with rationality when choosing, and aim to increase either pleasure or profit. Rational choice theory also stipulates that all complex social phenomena are driven by individual human actions. Therefore, if an economist wants to explain social change or the actions of social institutions, he needs to look at the rational decisions of the individuals that make up the whole.a)As per Rational choice theory, all the decisions taken by people are in their highest self-interest so any social change or planning driven by these individual decisions lead to a quintessential outcome.b)Rational Choice theory suggests that all complex social phenomena can be explained in terms of the elementary individual actions, only the ones which are rationally motivated, of which they are composed.c)As per the Rational Choice theory, rational individuals choose the alternative that is likely to give them the greatest satisfaction together building any social phenomena that is motivated by profit.d)Rational choice theory postulates that individuals always make prudent and logical decisions, which provide people with the greatest benefit or satisfaction, and all social phenomena are reducible to these individual decisions.e)None of the aboveCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Comprehension:You are presented with a paragraph with options (1), (2), (3), (4) and (5). Read the paragraph carefully and identify which of the given options correctly explains the paragraph or correctly summarizes it, if none of the options correctly explains it mark (5) as your answer.Question:Rational choice theory assumes that all people try to actively maximize their advantage in any situation and therefore consistently try to minimize their losses. The theory is based on the idea that all humans base their decisions on rational calculations, act with rationality when choosing, and aim to increase either pleasure or profit. Rational choice theory also stipulates that all complex social phenomena are driven by individual human actions. Therefore, if an economist wants to explain social change or the actions of social institutions, he needs to look at the rational decisions of the individuals that make up the whole.a)As per Rational choice theory, all the decisions taken by people are in their highest self-interest so any social change or planning driven by these individual decisions lead to a quintessential outcome.b)Rational Choice theory suggests that all complex social phenomena can be explained in terms of the elementary individual actions, only the ones which are rationally motivated, of which they are composed.c)As per the Rational Choice theory, rational individuals choose the alternative that is likely to give them the greatest satisfaction together building any social phenomena that is motivated by profit.d)Rational choice theory postulates that individuals always make prudent and logical decisions, which provide people with the greatest benefit or satisfaction, and all social phenomena are reducible to these individual decisions.e)None of the aboveCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Comprehension:You are presented with a paragraph with options (1), (2), (3), (4) and (5). Read the paragraph carefully and identify which of the given options correctly explains the paragraph or correctly summarizes it, if none of the options correctly explains it mark (5) as your answer.Question:Rational choice theory assumes that all people try to actively maximize their advantage in any situation and therefore consistently try to minimize their losses. The theory is based on the idea that all humans base their decisions on rational calculations, act with rationality when choosing, and aim to increase either pleasure or profit. Rational choice theory also stipulates that all complex social phenomena are driven by individual human actions. Therefore, if an economist wants to explain social change or the actions of social institutions, he needs to look at the rational decisions of the individuals that make up the whole.a)As per Rational choice theory, all the decisions taken by people are in their highest self-interest so any social change or planning driven by these individual decisions lead to a quintessential outcome.b)Rational Choice theory suggests that all complex social phenomena can be explained in terms of the elementary individual actions, only the ones which are rationally motivated, of which they are composed.c)As per the Rational Choice theory, rational individuals choose the alternative that is likely to give them the greatest satisfaction together building any social phenomena that is motivated by profit.d)Rational choice theory postulates that individuals always make prudent and logical decisions, which provide people with the greatest benefit or satisfaction, and all social phenomena are reducible to these individual decisions.e)None of the aboveCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice CAT tests.