Choice Theory: A Very Short Introduction

Choice Theory: A Very Short Introduction

by Michael Allingham
     
 

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ISBN-10: 0192803034

ISBN-13: 9780192803030

Pub. Date: 11/28/2002

Publisher: Oxford University Press, USA

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. 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

Overview

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. 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.

Product Details

ISBN-13:
9780192803030
Publisher:
Oxford University Press, USA
Publication date:
11/28/2002
Series:
Very Short Introductions Series
Pages:
144
Sales rank:
746,363
Product dimensions:
7.00(w) x 4.30(h) x 0.50(d)
Lexile:
1230L (what's this?)

Table of Contents

1. Choice and desire
2. Reason and rationality
3. Racing and roulette
4. Gambling and insurance
5. Conflict and cooperation
6. Democracy and Dictatorship

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