Ideal-type economic actor models are caricatures rarely found in pure form

Evidence

All homines are, after all, imaginary species rarely found in their pure form. They are limited and thus often problematic portrayals of economic actors, caricatures used by critical (as well as uncritical) thinkers as models to understand the nest of those actors’ behaviors. As such, they reflect the inherent limitations and flaws of such categorizations. — Aris Komporozos-Athanasiou, Speculative Communities, 50

Categorization

• XREF: connects to: Economic theory is commonly assumed to map perfectly onto a constant reality — Mark Blyth, Austerity: The History of a Dangerous…, 119; Market actors are calculative without becoming amoral atomistic egotists — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 1186; Market actions based on efficient-market models can create anomalies those models cannot explain — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 1166 (+4 more)

Broader Connections

• Market actors are calculative without becoming amoral atomistic egotists #exemplifies (0.85) — Donald MacKenzie, An Engine, Not a Camera, 1186
• Market actions based on efficient-market models can create anomalies those models cannot explain #exemplifies (0.80) — Donald MacKenzie, An Engine, Not a Camera, 1166
• Failed prediction exposed latent flaws in the rational economic agent concept #exemplifies (0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 696
• Self-interested rational-actor models cannot explain devotion-driven human behavior. #corroborates (0.80) — Norenzayan, Ara, Big gods - how religion transformed…, 545
• The economists’ classless models concealed openly classist beliefs #corroborates (0.80) — Clara E. Mattei, The Capital Order, 1306
• Labor market experiments contradict the self-interested prediction of standard economic theory #corroborates (0.80) — Nicolas Baumard, A mutualistic approach to morality, 150