Economic Man

"Economic Man" is a theoretical concept in economics that describes an individual who makes decisions purely based on rational analysis to maximize personal benefit or utility. This model assumes people have complete information, consistent preferences, and act logically to achieve their best outcome, usually in terms of money or satisfaction. While it's a useful tool for understanding economic behavior in theory, real human choices are often influenced by emotions, habits, and social factors, making actual decision-making more complex. The concept simplifies human behavior to better analyze and predict economic interactions.