Rational Choice Theory: Why We Always Act in Our Own Interest
Scientifically Reviewed · Dr. Marwa Abd-Alazim · August 17, 2026
Medically & Scientifically Reviewed
Verified: August 17, 2026
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A construct of Adam Smith, an 18th century economist. The rational-economic man makes decisions based on rational analysis of desired outcomes and acts in his own rational self-interest.
RATIONAL-ECONOMIC MAN: “A philosophy that states that most rational men will act out of what is best for their own self interest is characterized by the Rational-economic man model.”