Which of the following is a true statement about the self-interest assumption? S
ID: 1164548 • Letter: W
Question
Which of the following is a true statement about the self-interest assumption?
Self-interest players always maximize money.
Self-interest implies that players are selfish.
Self-interest players will never perform an act of charity.
Self-interest players may sacrifice to punish others.
a.Self-interest players always maximize money.
b.Self-interest implies that players are selfish.
c.Self-interest players will never perform an act of charity.
d.Self-interest players may sacrifice to punish others.
Explanation / Answer
Self-interest assumption states that an action taken by a person can be termed as self interest if he or she has any basis or reason behind taking such action.
So, if a person sacrifices his or her own interest so that others can be punished then such act can be termed as self-interest as person concerned is taking such action with a reason behind such act.
Hence, the correct answer is the option (d).
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