A centipede for intransitive preferrers

In Value and Choice Some Common Themes in Decision Theory and Moral Philosophy (2000)
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Abstract

In the standard money pump, an agent with cyclical preferences can avoid exploitation if he shows foresight and solves his sequential decision problem using backward induction. This way out is foreclosed in a modified money pump, which has been presented in Rabinowicz. There, BI will lead the agent to behave in a self-defeating way. The present paper describes another sequential decision problem of this kind, the Centipede for an Intransitive Preferrer, which in some respects is even more striking than the modified pump. In the new problem, the BI reasoning that implies self-defeating behavior does not rest on the controversial robustness assumption concerning beliefs in one's future rationality. This strengthens the claim that foresight cannot save the intransitive preferrer from a self-defeating course of action.

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Wlodek Rabinowicz
Lund University

Citations of this work

Safeguards of a Disunified Mind.Wlodek Rabinowicz - 2014 - Inquiry: An Interdisciplinary Journal of Philosophy 57 (3):356-383.
Dependency equilibria.Wolfgang Spohn - 2007 - Philosophy of Science 74 (5):775-789.

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