Resource title

The ruin of Homo Oeconomicus

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In this paper it is shown that the most rational of all creatures, Homo Oeconomicus, can be enticed to freely engage in an activity that is guaranteed to lead to his ruin. It is furthermore shown that this is possible if and only if utility functions are unbounded. The paper thus develops an argument in favour of bounded utility functions.

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en

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application/pdf

Resource resource URL

http://eprints.lse.ac.uk/27008/1/The_Ruin_of_Homo_Oeconomicus_%28LSERO%29.pdf

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