Economic man represents a rational actor, aiming to maximize utility and satisfaction. Discover his role and the impact the concept has in economic theories and models.

We don't always behave the way economic models say we will. We don't save enough for retirement. We order dessert when we're supposed to be dieting. We give donations when we could keep our money for ...

States and financial bodies using modelling that ignores shocks from extreme weather and climate tipping points Flawed economic models mean the accelerating impact of the climate crisis could lead to ...