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History of Pyscological Egoism

Epicureanism highly claims that we all humans survive to maximize our own pleasure.There is a famous example for this theory. Ex-If Jay helps Shivansh from a accident ,Egoists would tell that its not an altruistic act,as there are chances that Jay would feel happy for his good deed and in future he could ask his favour for his future pleasure.Jay might have wanted a good feeling being a hero or avoid social critic that he should have helped Shivansh . Most of philosophers considers this theory to be false.

History of Ethical Egoism

Ethical egoism was first introduced by the philosopher Henry Sidgwick .He compared egoism to the philosophy of utilitarianism, writing that whereas utilitarianism tells to maximize overall pleasure,ethical egoism focused only on maximizing individual pleasure.There is also a belief that “If you are giving charity to some needy then you are degrading him , implying as it does that he becomes reliant on such munificence and always remain dependent on other for his own welfare.Rachels reckons “Thats why charity is considered resentful rather than appreciating it”.
Let’s say that you are at a coffee shop, and you purchase a beverage for $5.50. You give the cashier a ten-dollar bill; the cashier then gives you $14.50 change — clearly confusing your ten for a twenty.Most of us would give back the extra ten; the reasons may vary, but we generally consider it wrong to take money that’s not yours.If someone asserts that they are an egoist, then they would have to take the extra ten. Who cares what happens to the cashier, or the coffee shop? The money was put in your hands, it benefits your self-interest to keep it, and that’s that.