Cover of Michael Allingham: Choice Theory

Michael Allingham Choice Theory

A Very Short Introduction

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New

English

Expected delivery time 14-30 days

Book information

Oxford Univ Pr

UK

2002

Paperback

144

Standard

217968

978-0-19-280303-0

0-19-280303-4

Rational choice theory.

Annotation

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 we say 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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