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Homo Economicus
Evaluating the 'Economic Man' Assumption
Analyze the behavior described in the case study. Based on this scenario, evaluate the adequacy of the 'economic man' (a perfectly rational and self-interested agent) assumption as a complete explanation for all human economic behavior. In your answer, explain why this behavior is challenging to reconcile with the assumption.
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Economics
Economy
Introduction to Microeconomics Course
Social Science
Empirical Science
Science
CORE Econ
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