In traditional economic models, the narrowly self-interested, well-informed, highly disciplined and cognitively formidable decision maker is often referred to as:
A)a boundedly rational agent.
B)a behavioral economist.
C)homo economicus.
D)a satisficer.

Question

Quizplus · Accepted Answer

Traditional economic models assume a decision maker who is narrowly self-interested, well-informed, highly disciplined and sufficiently cognitively capable to solve optimization problems. This individual is often referred to as homo economicus.

In Traditional Economic Models, the Narrowly Self-Interested, Well-Informed, Highly Disciplined