Economists believe that only a small part of human behavior can be explained and predicted by assuming that most people act as if they are motivated by their own self-interest in an effort to increase their expected personal satisfaction.

Question

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Economists widely accept that a significant portion of human behavior can be explained and predicted by assuming that individuals act out of self-interest to increase their personal satisfaction, a principle foundational to many economic theories and models.

Economists Believe That Only a Small Part of Human Behavior