Asked by Kalie Lavery on May 05, 2024
Verified
The assumption of rational self-interest does not rule out the possibility of concern for other individuals.
Rational Self-Interest
The principle that individuals make decisions that they believe will maximize their advantage and wellbeing, based on their personal preferences and information available.
- Grasp the principle of rational self-interest and its influence on the economics of decision-making.
Verified Answer
CB
charlotte BonvarletMay 08, 2024
Final Answer :
True
Explanation :
The assumption of rational self-interest acknowledges that individuals may also have concern for others, as it is rational for individuals to sometimes act in ways that benefit others if it ultimately benefits themselves as well.
Learning Objectives
- Grasp the principle of rational self-interest and its influence on the economics of decision-making.
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