factual

Homo economicus doesn't resemble real humans

Economic models long described a cardboard figure of Homo economicus that did not resemble the actual humans people know; behavioral economics, building on Kahneman, Tversky, and Thaler, helped the discipline level up by reintroducing realistic human psychology over the last 30 years.

factualpending

Speaker

Stephen Dubner

Evidence Quote

Homo economicus was a kind of, you know, cardboard figure. Now, a very useful figure.

Source

Twenty Years of Freakonomics (with Stephen Dubner)EconTalk
Created: 6/13/2026, 12:23:34 AM

My Notes

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