Consider the following statements related to the book "The Logic of Collective Action" and choose the correct option. Statement 1: In the book "The Logic of Collective Action" author argues that a social movement is an aggregation of rational individual actors pursuing their self-interest. Statement 2: This theory is based on the notion of the irrational, utility-maximising individual.

Only Statement 1 is correct Only Statement 2 is correct Both Statements are correct Both the Statements are incorrect.

Only Statement 1 is correct

Mancur Olson’s book The Logic of Collective Action argues that a social movement is an aggregation of rational individual actors pursuing their self-interest. A person will join a social movement only if s/he will gain something from it. S/he will participate only if the risks are less than the gains. Olson’s theory is based on the notion of the rational, utility-maximising individual