![]() They will always be capable of thinking through all possible outcomes and choosing that course of action which will result in the best possible result. It assumes that agents always act in a way that maximize utility as a consumer and profit as a producer, and are capable of arbitrarily complex deductions towards that end. ![]() In game theory, Homo economicus is often modelled through the assumption of perfect rationality. It is a word play on Homo sapiens, used in some economic theories and in pedagogy. ![]() The term Homo economicus, or economic man, is the portrayal of humans as agents who are consistently rational and narrowly self-interested, and who pursue their subjectively defined ends optimally. This article is about the economic concept.
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