oboloo Glossary

Rational Actor Model

oboloo Glossary

Rational Actor Model

Rational Actor Model Definition

The Rational Actor Model is a framework for understanding and predicting human behavior. The model assumptions are that people are rational, self-interested, and utility-maximizing. These assumptions allow for a wide range of behaviors to be predicted and explained. The model has been used in many different fields, including economics, political science, sociology, and psychology.