Money-pump arguments /

Suppose that you prefer A to B, B to C and A to C. Your preferences violate Expected Utility Theory by being cyclic. Money-pump arguments offer a way to show that such violations are irrational. Suppose that you start with A. Then you should be willing to trade A for C and then C for B. But then, on...

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Bibliographic Details

Main Author:	Gustafsson, Johan E. (Author)
Format:	Book
Language:	English
Published:	Cambridge ; New York : Cambridge University Press, [2022].
Series:	Cambridge elements. Elements in decision theory and philosophy.
Subjects:	Decision making. Revealed preference theory. Utility theory. Practical reason. Logic, Symbolic and mathematical. SCIENCE / Philosophy & Social Aspects.