Choice Theory: A Very Short Introduction: A Very Short Introduction

Paperback | August 1, 2002

byMichael Allingham

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We make choices all the time - about trivial matters, about how to spend our money, about how to spend our time, about what to do with our lives. And we are also constantly judging the decisions other people make as rational or irrational. But what kind of criteria are we applying when wesay that a choice is rational? What guides our own choices, especially in cases where we don't have complete information about the outcomes? What strategies should be applied in making decisions which affect a lot of people, as in the case of government policy?This book explores what it means to be rational in all these contexts. It introduces ideas from economics, philosophy, and other areas, showing how the theory applies to decisions in everyday life, and to particular situations such as gambling and the allocation of resources.

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We make choices all the time - about trivial matters, about how to spend our money, about how to spend our time, about what to do with our lives. And we are also constantly judging the decisions other people make as rational or irrational. But what kind of criteria are we applying when wesay that a choice is rational? What guides ou...

Michael Allingham is a Fellow and the Senior Tutor at Magdalen College, Oxford. He read natural philosophy and then political economy at the University of Edinburgh and subsequently taught at a number of universities in the United Kingdom and the United States; he has also held visiting positions at universities in Italy, France and A...

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Format:PaperbackDimensions:144 pages, 6.85 × 4.37 × 0.36 inPublished:August 1, 2002Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0192803034

ISBN - 13:9780192803030

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Table of Contents

1. Choice and desire2. Reason and rationality3. Racing and roulette4. Gambling and insurance5. Conflict and cooperation6. Democracy and Dictatorship

Editorial Reviews

`a spirited and efficient welcome for newcomers should brighten many minds already much immersed - make them newcomers again.'Sydney Afriat, University of Siena