Behavioral assumption
Assumption in economics that humans will attempt to maximize their utilities From Wikipedia, the free encyclopedia
In behavioral economics, the behavioral assumption is that, under their resource constraints, humans are rational actors – they will attempt to maximize their utilities, thereby generating the greatest profit and outcomes.[1]
This article relies largely or entirely on a single source. (November 2020) |
The two most important characteristics of the human under the behavioral assumption are rationality and self-interest.[citation needed]
References
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