The Econ 101 model of humans as rational utility maximizers (homoeconomicus) is false; decades of research from neuroscience, behavioral economics, and evolutionary psychology show humans are emotional, social primates who chase status, copy others, are loss-averse, and care intensely what others think — so systems designed for rational self-interested agents produce fragile markets and shallow relationships.
causalpending
Speaker
Nate HagensEvidence Quote
“This model taught in Econ 101 doesn't describe people. It describes robots.”
Created: 6/18/2026, 2:17:46 PM
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