"Homo economicus" is a term used in economics to describe an imaginary human being who always makes rational decisions to maximize their self-interest. It assumes that people always weigh the costs and benefits before making choices. Full definition
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Sentences with «homo economicus»
The transition from description to normative use occurs also with respect to the view of Homo economicus as acquisitive. (religion-online.org)
Truth be told, most economists regard Homo economicus as a useful approximation to plug into their models, not a representation of how individuals actually behave. (canadianbusiness.com)
Homo economicus primarily values money and the things money can buy. (religion-online.org)