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Insyarah, Dwi Arum Nur
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Economics, Econometrics & Finance Social Sciences

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Rational Choice Approach on Ramadan Activity: A Conceptual Study Riyardi, Agung; Romdhoni, Abdul Haris; Syahputra, Faturrochman; Insyarah, Dwi Arum Nur
Jurnal Ilmiah Ekonomi Islam Vol 10, No 2 (2024): JIEI : Vol.10, No.2, 2024
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v10i2.13895

Abstract

Muslims conduct more and harder worship during Ramadan than non-Ramadan. Studies show positive effects indicating Ramadan hard worship as rational. However, no studies discuss Ramadan worship based on the rational choice approach although this approach can reveal what, why, and how a decision is rational. Based on the rational choice approach, this study aims to demonstrate graphically Ramadan worship and general activity combination, relative price, constraint, and equilibrium. This paper employs the rational choice graphical modelling that consists of the Ramadan worship indifference curve graphing, relative price setting, constraint line graphing, and equilibrium graphing. Four results are found. Firstly, the worship indifference curves reveal that worship perfectly complements to general activity. Secondly, the worship relative price decreases from non-Ramadan to Ramadan. Thirdly, the worship constraint lines rotate up caused by decreasing worship relative price. Fourthly, the Ramadan equilibrium demonstrates that Muslim is satisfied by a relative price-decreasing-caused Ramadan hard worship that exploits physical capability but without general activity interfering
Rational Choice Approach on Ramadan Activity: A Conceptual Study Riyardi, Agung; Romdhoni, Abdul Haris; Syahputra, Faturrochman; Insyarah, Dwi Arum Nur
Jurnal Ilmiah Ekonomi Islam Vol. 10 No. 2 (2024): JIEI : Vol.10, No.2, 2024
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v10i2.13895

Abstract

Muslims conduct more and harder worship during Ramadan than non-Ramadan. Studies show positive effects indicating Ramadan hard worship as rational. However, no studies discuss Ramadan worship based on the rational choice approach although this approach can reveal what, why, and how a decision is rational. Based on the rational choice approach, this study aims to demonstrate graphically Ramadan worship and general activity combination, relative price, constraint, and equilibrium. This paper employs the rational choice graphical modelling that consists of the Ramadan worship indifference curve graphing, relative price setting, constraint line graphing, and equilibrium graphing. Four results are found. Firstly, the worship indifference curves reveal that worship perfectly complements to general activity. Secondly, the worship relative price decreases from non-Ramadan to Ramadan. Thirdly, the worship constraint lines rotate up caused by decreasing worship relative price. Fourthly, the Ramadan equilibrium demonstrates that Muslim is satisfied by a relative price-decreasing-caused Ramadan hard worship that exploits physical capability but without general activity interfering
Co-Authors Abdul Haris Romdhoni, Abdul Haris Agung Riyardi Syahputra, Faturrochman