Visual Studio .NET. Definition - What does Visual Studio .NET mean? Visual Studio .NET is a Microsoft-integrated development environment (IDE) that can be used for developing consoles, graphical user interfaces (GUIs), Windows Forms, Web services and Web applications.
Decision theory can be broken into two branches: normative decision theory, which gives advice on how to make the best decisions, given a set of uncertain beliefs and a set of values; and descriptive decision theory, which analyzes how existing, possibly irrational agents actually make decisions.
While rational choice theory provides a nice clean model for explaining decision-making that makes intuitive sense, it is subject to some significant criticisms. These critics generally attack the assumptions of rational choice theory. Some point out that assumption of individual action and self-interest is problematic. Individuals are a product of their social and cultural environment and often engage in collective action that is not always in their limited self-interest.