Homo economicus, Evolving

The Stanford Graduate School of Business is hosting the inaugural David M. Kreps Symposium, entitled Homo economicus, Evolving.

David M. Kreps Symposium

A series of symposia on topics of broad interest to the faculty of the Stanford Graduate School of Business created through the generous support of friends and alumni of Stanford GSB, to honor the career of Professor Kreps.


November 17, 2023

In orthodox economic models, the individual agent, Homo economicus, is self-interested and rational, with fixed preferences and perfect foresight. However, economists are increasingly modeling individuals who are generous to others, who have preferences that depend on the context and that change, and who have cognitive limitations. This evolving vision of Homo economicus has profound implications for what we learn from economic analyses. The symposium will discuss this continuing evolution of economists’ representations of people’s motives and cognitive capabilities, and the implications of this evolution for specific contexts and public policy and, more broadly, for the discipline.

Featured Speakers

Research Professor and Director of the Behavioral Sciences Program, Santa Fe Institute
James B. Duke Professor of Economics, Duke University
Professor of Practical Philosophy, University of Helsinki; Director of TINT - Centre for Philosophy of Social Science
Class of 1987 Professor in Behavioral Science and Public Policy; Professor of Psychology and Public Affairs; Inaugural Director, Kahneman-Treisman Center for Behavioral Science & Public Policy, Princeton University

Symposium Video Playlist