Editing Rational choice model (section)

=== Psychological critiques ===
The validity of Rational Choice Theory has been generally refuted by the results of research in behavioral psychology. The revision or alternative theory that arises from these discrepancies is called [[Prospect theory|Prospect Theory]].

The 'doubly-divergent'<ref>{{Cite journal |last=Levy |first=Jack |date=1992 |title=Prospect Theory and International Relations: Theoretical Applications and Analytical Problems |url=https://fas-polisci.rutgers.edu/levy/articles/1992%20Prospect%20Theory%20-%20Analytical%20Problems.pdf |journal=Political Psychology |volume=13 |issue=4 |pages=283–310 |doi=10.2307/3791682 |jstor=3791682 |archive-date=2024-05-12 |access-date=2024-02-28 |archive-url=https://web.archive.org/web/20240512203554/https://fas-polisci.rutgers.edu/levy/articles/1992%20Prospect%20Theory%20-%20Analytical%20Problems.pdf |url-status=live }}</ref> critique of Rational Choice Theory implicit in [[Prospect theory|Prospect Theory]] has sometimes been presented as a revision or alternative.<ref>{{Cite web |last=Guthrie |first=Chris |date=2003 |title=Prospect Theory, Risk Preference, and the Law |url=https://scholarship.law.vanderbilt.edu/cgi/viewcontent.cgi?article=1760&context=faculty-publications#:~:text=Like%20rational%20choice%20theory%2C%20prospect,in%20systematic%20and%20predictable%20ways. |website=Northwestern University Law Review}}</ref> [[Daniel Kahneman|Daniel Kahneman's]] work has been notably elaborated by research undertaken and supervised by [[Jonathan Haidt]] and other scholars.<ref>{{Cite web |last=Haidt |first=Jonathan |title=The Rationalist Delusion? A Post Hoc Investigation |url=https://academic.oup.com/book/10621/chapter-abstract/158619079?redirectedFrom=fulltext |access-date=2024-02-28 |website=academic.oup.com|date=29 September 2016 |doi=10.1093/acprof:oso/9780199357666.003.0003 |isbn=978-0-19-935766-6 }}</ref><ref>{{Cite book |last=Haidt |first=Jonathan |title=The Righteous Mind |publisher=Vintage |year=2012}}</ref>