First, let's clarify what i mean when i say "self-interested utility maximizers". What i mean about this is that all of us humans tend to do things that are only in our best interest, if not, we tend not to do anything about it. in short, we are selfish beings. but the question is, are we?
Just like in the game theory that people will most likely pick the one that will make them won or near victory or have the best plan for that matter. According to this theory, we, as rational beings will most likely play the most efficient strategy to win. one big example of this is the prisoners dilemma where 2 prisoners choose whats best for them.
BUT, for me, i think the creator of this idea forgot to mention about something. That is that, yes we are rational beings but we also have emotions and this is the one thing that the author of this theory forgot. Yes i know that in some cases the theory does works but most often than not it is the opposite. He forgot to take note that we, as humans do have emotions and this emotions is i think the "safety net" for be selfish individual. Like for example, in the LRT, a pregnant woman came and stands in front of you, now the best possible strategy here that would benefit you the most is that you do not stand and offer your seat. but your emotions tells you other wise --to stand and give your seat to the pregnant lady and eventually you follow will follow your feelings.
This is what i am talking about, the theory quantifies that all of us humans are selfish and will do everything that would benefit ourselves. The truth is, maybe some individuals or maybe 40% of the human population will do this but it is unfair to quantify ALL humans to act this way. this is my view of the self-interested, utility maximizers. i hope you do too.
posted by JP @ 7:30 AM
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