homo economicus

(redirected from Rational Actors)
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homo economicus

(ˌɛkəˈnɒmɪkəs)
n
a theoretical human being who rationally calculates the costs and benefits of every action before making a decision, used as the basis for a number of economic theories and models
[C21: modelled on homo sapiens, etc. ]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
We need to start supporting rational actors - clients, not "patients" - towards a better lifestyle of their own envisioning.
But then again, we are not dealing with rational actors here, are we?
States like individuals are rational actors and make decisions according to their self-interests.
His best work operates on a tension -- that word again -- between rational actors and an irrational problem that gets away from them (in his Iranian films, especially A Separation , the irrational side derives partly from living in a theocracy).
What we are finding from books, from insider leaks and from investigative journalism is that the rational actors who are closest to the president are frightened by his chaotic leadership style.
Sycophants are simply rational actors who recognise that sucking up to the boss offers greater benefit than objective critique in cultures with weak integrity and an absence of meritocracy.
At the historic 2000 summit, there was the South-North Joint Declaration, after which President Kim Dae-Jung of South Korea famously declared: 'There is no longer going to be any war.' As leaders are selfish and states are rational actors and therefore they cannot be trusted all the time.
rational actors, and cost-benefit analysis are such popular--and largely
States are rational actors even when their leaders behave bizarrely.
Would they have been seen as proponents of MAD theory and thus "rational actors?"
individuals systematically fail to behave like rational actors in
Additionally, it assumes rational actors, defined as states having situational awareness of their external environment and behaving logically to achieve their own goals.