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Business, 07.10.2019 17:00 deadea46

Select the correct statement(s). select one or more: a. the problem with the self-interest axiom is that it assumes that most people are rational and able to solve maximization problems. b. a 'homo reciprocans' would be willing to personally pay some cost in order to punish someone that has behaved unfairly in the past. c. experimental evidence suggests that the self-interest axiom provides a good description of economic behavior in most socio-economic interactions. d. experimental evidence suggests that altruistic individuals like to give benefits to others, but the amount they want to give decreases as the price of giving increases. this means generous individuals do not usually act like rational utility-maximizers. e. the self-interest axiom predicts that individuals will donate some of their wealth only when the cost of doing so is fairly low. f. experimental evidence suggests that most altruistic individuals like to give benefits to others, and this amount depends only on how generous their preferences are, independently of the price of giving benefits. o g. experimental evidence suggests that altruistic individuals like to give benefits to others, but the amount they want to give decreases as the price of giving increases. this means generous individuals are usually rational h. the experimental evidence reported in your textbook suggests that people do not usually display complete and transitive preferences.

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