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An example would be most economic transactions of Homo economicus.
Homo economicus may be capable of carefully considering all available products.
In their narrow focus they see only Homo economicus.
Meanwhile, Homo economicus has been thought to be infinitely rational.
Another triumph for the social animal over Homo economicus.
It was established in 1983 as an occasional series concerned with aspects of the Homo economicus concept.
In this view, the assumption of 'Homo economicus' can and should be simply a preliminary step on the road to a more sophisticated model.
As seen, a common assumption is that financial decision makers act rationally; see Homo economicus.
This conception of "homo economicus" - economic man - emerged in the Enlightenment period.
Early work on the subject looked at the motivations of rational, utility-maximising Homo economicus.
People do not act like Homo economicus.
Homo economicus regards rights, including human rights, as his own, rather than others’ rights.
Homo economicus, not his fallible counterpart, is the oddity.
Homo economicus bases its choices on a consideration of its own personal "utility function".
There is far more to supermarket shopping than just the dry, rational transactions of the mythical Homo economicus.
They have made critiques of many basic assumptions of mainstream economics, including the Homo economicus model.
The more sophisticated economists are quite conscious of the empirical limitations of the 'Homo economicus' model.
In theory, the views of the critics can be combined with the 'Homo economicus' model to attain a more accurate model.
THAT mythical beast, homo economicus, is utterly clear about the purpose of work: to get paid.
Such models typically assume that people are rational and narrowly self-interested (the celebrated homo economicus stereotype).
With his Homo economicus mentality, Posner is at once too idealistic and too cynical.
The ability to realise that Homo economicus is only a part of our being, and to take steps to control and steer our own future behaviour.
Standard economic models ("neoclassical economics") assume that people pursue only their own self-interest and do not care about "social" goals ("homo economicus").
"Even narrowly rational Homo economicus, when solving coordination problems, must form common knowledge," Professor Chwe writes.
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