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Book cover of Choice Theory: A Very Short Introduction by Michael 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 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. About the Series: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These..
Author portrait of Michael Allingham

Michael Allingham

Michael Allingham is a fellow at Oxford University's Maudlin College. He studied natural philosophy and then political economy at the University of Edinburgh, after which he taught at a number of universities in the United Kingdom and the United States, and worked as a visiting professor at a number of universities in Austria, Canada, France and Italy. His books include: "The Theory of Markets" and "Rational Choice".
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