Money-pump arguments /
Suppose that you prefer A to B, B to C, and C to A. 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, o...
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| Format: | Electronic Book |
| Language: | English |
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Cambridge, United Kingdom ; New York, NY :
Cambridge University Press,
2022
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| Edition: | 1st ed |
| Series: | Cambridge elements Elements in decision theory and philosophy,
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| Subjects: |