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rational-economic man

rational-economic man Rational-economic man is the neoclassical economics idea that people make fully rational choices by weighing marginal benefits against marginal costs.

Rational-economic man is the neoclassical economics idea that people make fully rational choices by weighing marginal benefits against marginal costs. In the source, this assumption is presented as too limited because actual decision-making is shaped by bounded rationality and subjective mental perceptions of costs and gains.

Sources

Drafting source: Yang Xiaowei; Yang Shiqi; Wang Yuejin; Zhang Shuyu; Luo Songmei. Understanding the paradox between tragedies of the commons and the anticommons: From a cognitive psychology perspective. 2022; DOI 10.3389/fpsyg.2022.998642; article XML SHA-256 1cb39d7b1d4215f9654d0d18f9f6c203622d3494d88c12019bb0a798c39f2f5a. “Understanding the paradox between tragedies of the commons and the anticommons: From a cognitive psychology perspective” (10.3389/fpsyg.2022.998642).
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PsychTerms (psychterms.org), CC BY 4.0, version 1. “rational-economic man.” Development preview.

Version 1 · SHA-256: 337fd6bcf86618f29060e2394c8c3b40fa5eb87ad89704cf9687b8a53d8334d9

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rational-economic man

See also

Sources

Cite this entry