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Homo Economicus Model

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Homo Economicus Model
A mathematical model that seeks to explain human decision making, which assumes rational and broadly self-interested behaviours in actors with the ability to make decisions towards the subjectively defined ends


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The prevalence of the Homo economicus model of humanity has crowded out considerations of important noneconomic aspects of human nature--most importantly the moral dimension of human thought and conduct.
Edward Glaeser noted that, since any one person's vote is irrelevant, the homo economicus model would predict that individuals will be ill informed about the issues and that beliefs will be widely dispersed.
 
 
 
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