Publication details
Homo Economicus: Reality or myth?
| Authors | |
|---|---|
| Year of publication | 2014 |
| Type | Article in Proceedings |
| MU Faculty or unit | |
| Citation | |
| Field | Management and administrative |
| Description | The paper investigates into the assumptions of model homo economicus and changes in developing the theory over the decades. The aim of the paper is to introduce and discuss the assumptions and further offer an overview of different approaches. During past years the theory switched from homo economicus to real description of current people handling at financial markets. At the end we introduce a basic model that could be the background for further investigation of models replacing homo economicus. |