Abstract
The model of rational economic man (homo oeconomicus), being the central concept in economics, is not profoundly presented during basic economics classes. Thus, students can misinterpret the concept: homo oeconomicus is presumed to be rational and utterly selfish, while altruistic behaviour is treated as a deviation. Incorporating pro-social and altruistic motives to the models of rational human behaviour is a relatively new trend in academic economic literature, while undergraduate teaching programs still tend to neglect issues related to ethics, moral reasoning, or social interactions.This paper presents the tools for discussing the rationality of altruistic behaviour with the undergraduate students of any relevant specialization. Author’s Know Thyself method presented in the paper incorporates the classroom experiment, which utilizes the original Giving According to GARP experimental methodology in order to create storytelling about human nature. The expected learning outcomes when using this methodology include i) introducing the concept of homo oeconomicus; ii) showing the construction of untypical budget constraints for abstract goods; iii) presenting rationality tests based on real students' choices; iv) introducing the ethical-related concepts of effective altruism and pathological altruism in the context of economic rationality.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
