homo economicus

(redirected from Rational actor)
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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 ?
Although presenting interesting material, two central chapters on 'The Cultural Construction of Anger and Aggression' and 'Women and Aggression' are organized around the ideas of evolutionary biology, sociobiology and their models of evolutionary advantage, reproductive success and an implicit rational actor paradigm to explain female aggression in contexts of male dominance and polygyny.
Hybel then seeks to construct a topology of decision-making where the classic rational actor stands at the farthest extreme of the continuum.
Given that this practice is already widespread, many economists feel that they don't need behavioural insights in addition - if they can make a new model that relies only on assumptions about technology, or information, cost structures, or other things that would concern a purely rational actor, why bother to add ideas from psychology?
AygE-n within a very short period of time, showing that the PKK, which is a rational actor, has to take into account the people's wish.
To do so he should accept the fact that Iran is a rational actor, and rationally, the political equality and the supervision of the international law are the fundamental preconditions for rational Iran to come back to the negotiating table.
To those seeking logic behind the attacks, though, it may be hard to see why Iran would do this but that assumes that the regime in Tehran is a rational actor.
Let's use Graham Allison's rational actor, organizational process and bureaucratic politics models to examine MMDA decision-making.
That, however, hasn't stopped a litany of monikers being applied over the years: it is a failed state, it is the impossible state, a relic of the Cold War, a rational actor, a human rights disaster, a beacon of struggle against Western imperialism, a monarchy, a communist stranglehold, an economic catastrophe, a political miracle, fascism writ large, China's lapdog, Russia's creation, a victim of Japanese colonization ...
The opposite end of the model is the classical rational actor model which assumes that policy decisions are made by a unitary, rational decision maker.
making a decision, a rational actor will consider all of the information
Contemporary legal analysis often relies on the rational actor
[U.S.A.], Oct 6 (ANI): A top Central Intelligence Agency (CIA) official recently said that the North Korean leader Kim Jong Un's actions are not those of a maniacal provocateur but a "rational actor" who is motivated by clear, long-term goals that revolve around ensuring regime survival.