Rational Economic Man

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf concept
gptkbp:alsoKnownAs gptkb:Homo_economicus
gptkbp:assumes self-interest
utility maximization
complete information
consistent preferences
perfect rationality
gptkbp:basisFor many economic models
gptkbp:contrastsWith bounded rationality
behavioral economic models
gptkbp:criticizedFor behavioral economics
ignoring psychological factors
ignoring altruism
ignoring social influences
gptkbp:describes an idealized human being
https://www.w3.org/2000/01/rdf-schema#label Rational Economic Man
gptkbp:influencedBy gptkb:Adam_Smith
gptkb:John_Stuart_Mill
gptkbp:originatedIn 19th century
gptkbp:usedIn microeconomics
neoclassical economics
gptkbp:bfsParent gptkb:Martin_Hollis
gptkbp:bfsLayer 6