In the model of rational action assumed by traditional economics, a person is expected to weigh the benefits and drawbacks of an action and then choose the option in their own self-interest.

Sandeep Singh, author of a series on Temple Economics, has presented a detailed ... responsible for the deterioration of ...

The implications of this gender imbalance are enormous and far reaching Let's start at the foundations: The economic system that we ... as goods with value in traditional economics — so they ...

This characterization draws a contrast to traditional economic models that have treated people as purely rational actors—who have perfect self-control and never lose sight of their long-term goals—or ...