“There’s Life in the Old Dog Yet”: The Homo economicus model and its value for behavioral ethics
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DOI: 10.1007/s11573-019-00964-z
Abstract: The Homo economicus model (HEM) is widely used in the social sciences in general and in business ethics in particular. Despite its success, the model is frequently criticized for being empirically flawed and normatively dangerous,… read more here.
Keywords: homo economicus; economicus model; behavioral ethics; model ... See more keywords
From homo economicus to homo agens: Toward a subjective rationality for entrepreneurship
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DOI: 10.1016/j.jbusvent.2021.106159
Abstract: Abstract The aim of this article is to expound the subjectivist position on the concept of ‘rationality.’ To begin, we review the longstanding and still ongoing debate in philosophy over the differences (or not) between… read more here.
Keywords: homo economicus; economicus homo; homo; rationality ... See more keywords
Homo Economicus, AIs, humans and rats: decision-making and economic welfare
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DOI: 10.1080/1350178x.2018.1527135
Abstract: ABSTRACT Critics of economics often highlight two related issues: the empirical falsity of the ‘homo economicus’ assumption of rational, self-interested maximisation; and the ethical consequences of models based on this assumption. Yet many experiments in… read more here.
Keywords: assumption; homo economicus; welfare economics; economics ... See more keywords
The institutional preconditions of homo economicus
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DOI: 10.1080/1350178x.2021.1898659
Abstract: ABSTRACT Most economists are aware that homo economicus is not a ‘conception of man,’ but only a useful assumption. Still, homo economicus is usually interpreted as an assumption about individual agents. It is individuals who… read more here.
Keywords: methodology; assumption; preconditions homo; institutional preconditions ... See more keywords