Bounded self-interest is the behavioral economics concept where individuals are often willing to choose a less-optimal outcome for themselves if it allows them to support others, such as through volunteering or giving to charity.

Authors

• Person: Not available Organization: University of Chicago
  Behavioral economics, explained - UChicago News

Sources

• Behavioral economics, explained - UChicago News news.uchicago.edu University of Chicago via serper

Referenced by nodes (1)

• behavioral economics concept