Michael Allingham is a Fellow and the Senior Tutor at Magdalen College, Oxford. He 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. His books include Equilibrium and Disequilibrium and Value.
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 applyin...[SEE MORE]