Many scholars and academics hold the view that economics is the most successful of the social sciences. Many people it is believed are motivated by money. In addition they like the possibility of making profits.
As a result there have emerged predictive and formal models for analyzing human behavior. As a result many scholars in the fields of political science and sociology have tried to build theories, with the main assumption that all actions are fundamentally rational.
This paper aims at looking at the basic assumptions of the rational choice theory and how they have impacted on its applicability. In addition we shall look at the theory’s strengths and weaknesses. In addition we shall look at how the theory and or its assumptions can be improved to survive empirical tests.