scholarly journals The COVID-19 and Its Effect on Small Businesses in Nigeria: A Rational Choice Theory and an Empirical Approach

2021 ◽  
Vol 4 (1) ◽  
pp. 122-134
Author(s):  
Ademola Samuel Sajuyigbe ◽  
Anthony Abiodun Eniola ◽  
James Nwoye Obi ◽  
Fred Ojochide Peter
Keyword(s):  
Rational Choice ◽  
Financial Institutions ◽  
Small Businesses ◽  
Rational Choice Theory ◽  
Choice Theory ◽  
Negative Impact ◽  
Government Agencies ◽  
The Novel ◽  
Chi Square ◽  
Lagos State

The misery and difficulties of the novel deadly infection (COVID-19) are of great concern to analysts, researchers, policymakers, and government agencies over the globe. This investigation examines the effect of the deadly infection (COVID-19) on small businesses in Nigeria, with particular reference to Lagos State. A purposive examining procedure was utilized to choose each of the 321 small businesses owner of Nigeria (ASBON) enlisted in the Lagos Business Directory. Close-ended questionnaires were used to gather data from the members. The data analysis was performed with percentage, mean, chi-square, and component factor analysis. The outcome uncovers that the deadly infection (COVID-19) has injured all the SMEs surveyed. It was discovered that most small businesses are doomed as a result of the negative impact of COVID-19. The assessment using rational choice theory derives that credit accessibility, tax waiver for sectors, the introduction of emergency advances, and flexibility of repayments of existing loans by financial institutions are solid palliative measures that can cushion the effect of the deadly infection (COVID-19).

Rational Choice Theory and the 1990 Party Merger in South Korea

OUGHTOPIA ◽  
2020 ◽  
Vol 35 (2) ◽  
pp. 247-282
Author(s):  
In-Kyun Kim ◽  
Myeong-Geon Koh
Keyword(s):  
South Korea ◽  
Rational Choice ◽  
Rational Choice Theory ◽  
Choice Theory

POLITICS-LAW CONVERGENCE OR DIVERGENCE? 'SMALL' POLITICAL PARTIES, REALPOLITIKAND SOUTH AFRICA'S 20 YEARS OF DEMOCRACY

2015 ◽  
Vol 2 (1) ◽  
Author(s):  
Kealeboga J Maphunye
Keyword(s):  
Game Theory ◽  
Political Parties ◽  
Rational Choice ◽  
Significant Role ◽  
Rational Choice Theory ◽  
Choice Theory ◽  
Democratic Consolidation ◽  
Secondary Research ◽  
Extant Literature ◽  
African Charter

This article examines South Africa's 20-year democracy by contextualising the roles of the 'small' political parties that contested South Africa's 2014 elections. Through the  prism  of South  Africa's  Constitution,  electoral legislation  and the African Charter on Democracy, Elections and Governance, it examines these parties' roles in South Africa's democratisation; their influence,  if any, in parliament, and whether they play any role in South Africa's continental or international engagements. Based on a review of the extant literature, official documents,  legislation, media, secondary research, reports and the results of South Africa's elections, the article relies on game theory, rational choice theory and theories of democracy and democratic consolidation to examine 'small' political parties' roles in the country's political and legal systems. It concludes that the roles of 'small' parties in governance and democracy deserve greater recognition than is currently the case, but acknowledges the extreme difficulty experienced by the 'small'  parties in playing a significant role in democratic consolidation, given their formidable opponent in a one-party dominant system.

Rational Choice Contractualism

2018 ◽  
Author(s):  
Michael Moehler
Keyword(s):  
Rational Choice ◽  
Rational Choice Theory ◽  
Choice Theory ◽  
Correct Choice ◽  
Original Position ◽  
Decision Situation ◽  
Moral Principles ◽  
Theories Of Justice ◽  
Principles Of Justice ◽  
Traditional Understanding

This chapter discusses contractualist theories of justice that, although they rely explicitly on moral assumptions in the traditional understanding of morality, employ rational choice theory for the justification of principles of justice. In particular, the chapter focuses on the dispute between Rawls and Harsanyi about the correct choice of principles of justice in the original position. The chapter shows that there is no winner in the Rawls–Harsanyi dispute and, ultimately, formal methods alone cannot justify moral principles. This finding is significant for the development of the rational decision situation that serves for the derivation of the weak principle of universalization for the domain of pure instrumental morality.

Two Theorists of Action: Ihering and Weber

1991 ◽  
Vol 13 (1) ◽  
Author(s):  
Stephen P. Turner
Keyword(s):  
Nineteenth Century ◽  
Rational Choice ◽  
Rational Choice Theory ◽  
Choice Theory ◽  
Material Interests ◽  
German Philosopher ◽  
Historical Role

AbstractRudolf von Ihering was the leading German philosopher of law of the nineteenth century. He was also a major source of Weber’s more famous sociological definitions of action. Characteristically, Weber transformed material he found: in this case Ihering attempt to reconcile the causaland teleological aspects of action. In Ihering’s hands these become, respectively, the external and internal moments of action, or intentional thought and the factual consequences of action. For Weber they are made into epistemic aspects of action, the causal and the meaningful, each of which is essential to an account of action, but which are logically and epistemically distinct. Ihering thought purposes were the products of underlying interests, but included ‘ideal’ interests in this category. Weber radicalized this by expanding the category and making it historically central. This radicalization bears on rational choice theory: if ideal interests have a large historical role independent of material interests, and are not fully explicable on such grounds as ‘sour grapes’, the methods appropriate to the study of the transformation of ideas, meaning genealogies in the Nietzschean sense, are central to the explanation of action.

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