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Essay text:
Sacrificing one's short-term self-interest in order to maximize one's long-term self-interest is known as "rational self-interest."
There are three types of egoism:
Personal Ethical Egoism
? "I am going to act only in my own interest, and everyone else can do whatever they want."
Individual Ethical Egoism
? "Everyone should act in my own interest."
Universal Ethical Egoism
? "Each individual should act in his or her own self interest."
My view about the theory
I believe that it's a situational theory that depends on the circumstances surrounding the issue, although people ought to maximize their own good, they seldom try to do so...
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