Suchergebnisse

The primary purpose of this book is to develop and unify the theory of rational choice. Michael Allingham produces a framework in which the problems of pure choice, choice under uncertainty, strategic choice and social change are united. A secondary purpose is to comment on attitudes to risk and of the concept of knowledge to examine how these problems impact on rational choice theory.

Aimed at students of economic theory and finance, this book examines the relation between the prices prevailing in the markets and the characteristics of the various market participants. It demonstrates how prices are formed, how they change and other properties of markets.