THE REPRESENTATIVENESS OF HOMO OECONOMICUS AND ITS RATIONALITY
The homo oeconomicus model is an essential concept of the neoclassical analysis. It defines the agent capable of rational choices in pursuing the maximization of his own utility functions. Over time, the notion remained at the basis of many debates, related mainly to its relevance. However, the conc...
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| Format: | Article |
| Language: | English |
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Alexandru Ioan Cuza University of Iasi
2014-09-01
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| Series: | CES Working Papers |
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| Online Access: | http://ceswp.uaic.ro/articles/CESWP2014_VI3_DIA.pdf |