The idea that people are altruistic:
A) reinforces the basic economic notion of self-interested rational behavior.
B) challenges the basic economic notion of self-interested rational behavior.
C) cannot be modeled into utility functions.
D) assumes that marginal benefits of certain activities will not be subject to diminishing returns.

Question

Quizplus · Accepted Answer

Altruism, the selfless concern for the well-being of others, challenges the basic economic notion of self-interested rational behavior, which assumes individuals act primarily out of self-interest.

The Idea That People Are Altruistic