We've learned about rational self interest. Many people see
this term as a person being "selfish" but the term refers to a person
looking at how to benefit their interest to the fullest extent. Usually we can
see this term in society for example when I went to Chicago this past weekend
with my family there were a lot of homeless people asking for change while
people were passing by. Several people said "No" that they wouldn't
spare some change. The change they have could eventually add up to paying the
tolls, rent, or food expense. So because there is a benefit to keeping that
change, the people refusing to give out change are benefiting their self
interest because the marginal cost doesn't outweigh the marginal benefit of
using that change for something for their interest.
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