Authors
Tom Dougherty
University of North Carolina, Chapel Hill
Abstract
So-called money pump arguments aim to show that intransitive preferences are irrational because they will lead someone to accept a series of deals that leaves his/her financially worse off and better off in no respect. A common response to these arguments is the foresight response, which counters that the agent in question may see the exploitation coming, and refuse to trade at all. To obviate this response, I offer a “deluxe money pump argument” that applies dominance reasoning to a modified money pump case.
Keywords money pump  transitivity  cyclic  rationality  rational choice  preferences
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DOI 10.1002/tht3.91
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References found in this work BETA

Dutch Bookies and Money Pumps.Frederic Schick - 1986 - Journal of Philosophy 83 (2):112-119.
Backward Induction Without Common Knowledge.Cristina Bicchieri - 1988 - PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1988:329 - 343.

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Citations of this work BETA

Safeguards of a Disunified Mind.Wlodek Rabinowicz - 2014 - Inquiry: An Interdisciplinary Journal of Philosophy 57 (3):356-383.
Dynamic Choice.Chrisoula Andreou - 2008 - Stanford Encyclopedia of Philosophy.
Exploiting Cyclic Preference.Arif Ahmed - 2017 - Mind 126 (504):975-1022.

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