A Deluxe Money Pump

Thought: A Journal of Philosophy 3 (1):21-29 (2014)
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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.

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Author's Profile

Tom Dougherty
University of North Carolina, Chapel Hill

Citations of this work

Aggregation and Reductio.Patrick Wu - 2021 - Ethics 132 (2):508-525.
Exploiting Cyclic Preference.Arif Ahmed - 2017 - Mind 126 (504):975-1022.
People in Suitcases.Kacper Kowalczyk - 2022 - Journal of Moral Philosophy 20 (1-2):3-30.

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References found in this work

Dutch bookies and money pumps.Frederic Schick - 1986 - Journal of Philosophy 83 (2):112-119.
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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