Topic: Concept of rationality in microeconomics theory

Order Description Concept of rationality in microeconomics theory Introduction: 1.Concept of rationality in choice theory in economics. 2.What are the type of critism that against theory 3.Discuss how the economists responds to this critism Body: 1 .Critical examples ------------menu-independent(economics responds) 2.Critical examples 3.Limitation of economics responds Conclusion: How the concept improve rationality of agent in daily life. Even this concept has limitation of economics responds, but still have many benefits and it helps agent to make economics responds. Read: <The hand book of rational and social choice> ISBN:9780199290420 <Rational choice and social welfare theory and applications> ISBN:9783540798316 A. Bhattacharya, P. K. Pattanaik, and Y. Xu (2011), “Choice, internal consistency and rationality” Economics and Philosophy