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    Rational choice theory, from Von Neumann–Morgenstern onwa... — Carmelics
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    Challenges→Preferences may contain irreducibly subjective elements, such that different players in the same role may disagree about the relative desirability of outcomes.

    Rational choice theory, from Von Neumann–Morgenstern onward, derives preferences from observable behavior, making them functionally objective within a decision context.

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