Statements (50)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:logic
concept |
| gptkbp:assumes |
self-interest
utility maximization perfect information no transaction costs complete information rational decision-making no externalities consistent preferences individual optimization stable preferences |
| gptkbp:coinedBy |
gptkb:John_Stuart_Mill
|
| gptkbp:contrastsWith |
behavioral economics
homo politicus homo reciprocans homo sociologicus |
| gptkbp:criticizedFor |
oversimplification
lack of realism ignoring psychological factors behavioral economists ignoring bounded rationality ignoring social influences |
| gptkbp:describes |
rational agent
|
| https://www.w3.org/2000/01/rdf-schema#label |
Homo economicus
|
| gptkbp:influencedBy |
classical economics
neoclassical economics |
| gptkbp:originatedIn |
19th century
|
| gptkbp:relatedTo |
gptkb:Adam_Smith
gptkb:Jeremy_Bentham decision theory game theory utilitarianism expected utility theory rational choice theory rational expectations marginalism agent-based modeling economic man economic agent economic rationality |
| gptkbp:usedFor |
policy analysis
economic modeling predicting market behavior |
| gptkbp:usedIn |
economics
microeconomics neoclassical economics |
| gptkbp:bfsParent |
gptkb:Rational_Economic_Man
gptkb:Homo_Sovieticus |
| gptkbp:bfsLayer |
7
|