Economic man represents a rational actor, aiming to maximize utility and satisfaction. Discover his role and the impact the concept has in economic theories and models.

Self-interest describes actions that are intended to result in personal gain. It comes with both pros and cons.

John Rust, an economics professor at Georgetown University, spoke about the rational capacities of humanity and artificial intelligence (AI) at a Feb. 21 lecture to members of the university community ...

How many nights have you found yourself lying awake, with worries piling up like papers on a desk, wondering how much more you can handle? I know the feeling all too well. There was a time when I ...

With the forces of inflation biting harder and with government initiatives to boost local agricultural efforts yet to kick in completely, the decision of the federal authorities to import essential ...

You reported on a game theory simulation that showed people failed to reach a state of rational action, even after multiple failures and repeated feedback. This was said to be in variance with ...

Ahmad Ma'ruf of UMY criticized importing 105,000 pickups from India, citing economic, trade, and domestic industry concerns.

ANKARA, June 4 (Reuters) - Turkey's newly appointed Finance Minister Mehmet Simsek said on Sunday that the country has no choice but to return to "rational ground" to ensure predictability in the ...