{"id":10084,"date":"2022-05-22T00:18:12","date_gmt":"2022-05-22T00:18:12","guid":{"rendered":"https:\/\/highclasswriters.com\/blog\/?p=10084"},"modified":"2022-05-22T00:18:13","modified_gmt":"2022-05-22T00:18:13","slug":"homo-economicus-or-economic-human","status":"publish","type":"post","link":"https:\/\/highclasswriters.com\/blog\/homo-economicus-or-economic-human\/","title":{"rendered":"\u201chomo economicus\u201d or \u201ceconomic human\u201d"},"content":{"rendered":"\n<p>Are consumers \u201crational\u201d? Are you always \u201crational\u201d? In other words, do you always act with the best available information, and analyze your decision with respect to all alternatives, considering all risks, and balancing off all criteria? Please discuss a major purchase (car, house, education\u2026) or life decision (moving jobs, moving house, starting a family, getting married\u2026) you have made. How did you go about making that decision? Were you fully \u201crational\u201d in making that decision? If not, what does this tell us about the assumption of rational \u201chomo economicus\u201d or \u201ceconomic human\u201d that is central to much economic thinking?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are consumers \u201crational\u201d? Are you always \u201crational\u201d? In other words, do you always act with the best available information, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10084","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u201chomo economicus\u201d or \u201ceconomic human\u201d - Highclasswriters<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/highclasswriters.com\/blog\/homo-economicus-or-economic-human\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201chomo economicus\u201d or \u201ceconomic human\u201d - Highclasswriters\" \/>\n<meta property=\"og:description\" content=\"Are consumers \u201crational\u201d? 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