- Wed Sep 07, 2016 10:54 am
#28398
Hi angel,
It's reasonable to assume that, in economic terms at least, rational behavior will be self-interested. In fact, this is the basic assumption behind the rationality axiom, which states that “rational economic man maximizes his utility.” (Some economists substitute for “utility” another term such as “self-interest,” or “well-being.”) This statement has often been interpreted to mean that pursuit of self-interest is the only thing that is done by rational economic actors—and that anything else is irrational.
Let's not overthink this, but keep in mind that - according to the LSAT, at least - a "reasonable person" would consider it rational to act in his or her own self-interest. It is irrational not to
Thanks,
It's reasonable to assume that, in economic terms at least, rational behavior will be self-interested. In fact, this is the basic assumption behind the rationality axiom, which states that “rational economic man maximizes his utility.” (Some economists substitute for “utility” another term such as “self-interest,” or “well-being.”) This statement has often been interpreted to mean that pursuit of self-interest is the only thing that is done by rational economic actors—and that anything else is irrational.
Let's not overthink this, but keep in mind that - according to the LSAT, at least - a "reasonable person" would consider it rational to act in his or her own self-interest. It is irrational not to
Thanks,
Nikki Siclunov
PowerScore Test Preparation
PowerScore Test Preparation