We make choices all the time--about how to spend our money, about how to spend our time, about what to do with our lives.
His previous books include Equilibrium and Disequilibrium, General Equilibrium, Value, Unconscious Contracts, Theory of Markets, and Rational Choice..
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 Austria.
About the Author: Michael Allingham is a Fellow and the Senior Tutor at Magdalen College, Oxford.
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.
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.
And we are also constantly judging the decisions other people make as rational or irrational.
We make choices all the time--about how to spend our money, about how to spend our time, about what to do with our lives
