Homo Economicus

GPTKB entity

Statements (55)
Predicate Object
gptkbp:instance_of gptkb:government_agency
gptkbp:agent rational decision-makers
gptkbp:depicted_in fully informed
gptkbp:depicts gptkb:government_agency
gptkbp:has_impact_on self-interest
https://www.w3.org/2000/01/rdf-schema#label Homo Economicus
gptkbp:is_a_basis_for economic forecasting
gptkbp:is_a_framework_for capitalist economies
market theory
maximization of utility
gptkbp:is_analyzed_in policy changes
economic outcomes
gptkbp:is_associated_with gptkb:Adam_Smith
gptkbp:is_challenged_by alternative economic theories
gptkbp:is_characterized_by utility maximization
gptkbp:is_criticized_for social influences
over-simplification
gptkbp:is_described_as market dynamics
gptkbp:is_discussed_in gptkb:Economist
economic incentives
gptkbp:is_influenced_by public policy
gptkbp:is_influential_in economic thought
gptkbp:is_often_associated_with invisible hand
gptkbp:is_often_compared_to free market policies
perfect information
bounded rationality
Homo Sociologicus
gptkbp:is_often_depicted_as profit maximization
opportunity cost
gptkbp:is_often_used_in consumer behavior
policy analysis
market efficiency
economic literature
gptkbp:is_related_to rational choice theory
gptkbp:is_used_in economics
gptkbp:key_issues gptkb:battle
gptkbp:narrative_style economic rationality
gptkbp:notable_models financial markets
consumer choices
lack of realism
gptkbp:origin gptkb:government_agency
gptkbp:premise utility functions
consistent preferences
gptkbp:related_concept gptkb:neoclassical_economics
market behavior
classical economics
gptkbp:related_model decision-making processes
economic behavior
gptkbp:represents rational agent
gptkbp:simtype human behavior
gptkbp:theory supply and demand
economic agents
individuals act independently
gptkbp:bfsParent gptkb:Halakhic_Man
gptkbp:bfsLayer 5