Economic theory Quote by Douglas E. Richards
““Economic theory would tell you that a rational person would take the thirty dollars every time. Forget the other party, the decision was simple. You get thirty dollars or you get nothing. With this logic you would take any positive amount.””
About This Quote
Source Book: The Great Game of Money, Douglas E. Richards, 2015
Rational choice predicts always taking a guaranteed gain, ignoring fairness or relationships.
In simple terms: People often choose immediate gain over broader considerations.
Key Takeaway
Consider the impact of your choices beyond personal profit.
Themes
rationality
self‑interest
ethics
Mood
thoughtful
analytical
Type
ethical
philosophical
When to use this quote
- business negotiations
- personal finance
- charitable giving
- team projects
Key Concepts
game theory
behavioral economics
Questions to Reflect On
- Do you ever refuse a small gain for a larger principle?
- How would you act if the other party needed the money more?
A Different Perspective
Assumes all parties value money equally, ignoring trust or long‑term effects.
