AAMC FL Practice Exam

According to exchange-rational choice theory, decisions are made by beings who?

1. Act on impulse

2. Rely solely on emotions

3. Weigh all aspects of a problem

4. Follow societal norms

The correct answer is: Weigh all aspects of a problem

According to exchange-rational choice theory, decisions are made by beings who carefully consider all aspects of a problem. This theory is grounded in the idea that individuals assess the costs and benefits of various options before making decisions, aiming to maximize their utility or satisfaction. The concept emphasizes a rational approach to decision-making, where individuals evaluate the implications of their choices within their social and economic contexts. In contrast, acting on impulse would suggest a lack of deliberation and a more spontaneous approach to decision-making, which is not aligned with the rational choice framework. Additionally, relying solely on emotions overlooks the analytical aspect of weighing options that is central to the rational choice theory. Lastly, while societal norms can influence decisions, they do not constitute the rational analysis of weighing pros and cons as proposed by the theory. Therefore, the correct answer encapsulates the deliberate and calculated nature of decision-making described by exchange-rational choice theory.