What is a defining characteristic of Homo economicus? A. He often gambles for large but unlikely rewards B. He will buy a good expecting to sell it for higher price C. He changes his decisions base on context D. He desires to maximize gains and minimize losses

Question

Charles Kerr

Business

18 May, 16:55

What is a defining characteristic of Homo economicus? A. He often gambles for large but unlikely rewards B. He will buy a good expecting to sell it for higher price C. He changes his decisions base on context D. He desires to maximize gains and minimize losses

+1

Answers (1)

Know the Answer?

Lilly Huber · Answer 1

Letter D is correct. He desires to maximize gains and minimize losses.

Explanation:

Homo economicus has as its central characteristic the rationality with which it makes its decisions. Through rational choice theory he is able to analyze situations where he can maximize perceived benefits and mitigate risks, through a systemic and fully rational process he is able to analyze available information that will determine possible short and long term gains and risks. term, and make your decision based on the possibility that will most attract rewards.