Homo Economicus

GPTKB entity

Statements (28)
Predicate Object
gptkbp:instanceOf gptkb:logic
concept
gptkbp:alternativeName economic man
gptkbp:assumes self-interest
utility maximization
complete information
consistent preferences
perfect rationality
gptkbp:contrastsWith behavioral economics
gptkbp:criticizedFor ignoring psychological factors
behavioral economists
ignoring bounded rationality
ignoring social preferences
oversimplification of human behavior
gptkbp:describes rational agent
https://www.w3.org/2000/01/rdf-schema#label Homo Economicus
gptkbp:originatedIn 19th century
gptkbp:popularizedBy gptkb:John_Stuart_Mill
gptkbp:relatedTo game theory
rational choice theory
utility theory
gptkbp:usedFor modeling market behavior
predicting economic outcomes
gptkbp:usedIn economics
microeconomics
neoclassical economics
gptkbp:bfsParent gptkb:Homo_Politicus
gptkbp:bfsLayer 6