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A Money-Pump for Acyclic Intransitive Preferences
KTH, School of Architecture and the Built Environment (ABE), Philosophy and History of Technology, Philosophy.
2010 (English)In: Dialectica, ISSN 0012-2017, E-ISSN 1746-8361, Vol. 64, no 2, 251-257 p.Article in journal (Refereed) Published
Abstract [en]

The standard argument for the claim that rational preferences are transitive is the pragmatic money-pump argument. However, a money-pump only exploits agents with cyclic strict preferences. In order to pump agents who violate transitivity but without a cycle of strict preferences, one needs to somehow induce such a cycle. Methods for inducing cycles of strict preferences from non-cyclic violations of transitivity have been proposed in the literature, based either on offering the agent small monetary transaction premiums or on multi-dimensional preferences. This paper argues that previous proposals have been flawed and presents a new approach based on the dominance principle.

Place, publisher, year, edition, pages
2010. Vol. 64, no 2, 251-257 p.
National Category
Philosophy
Identifiers
URN: urn:nbn:se:kth:diva-27278DOI: 10.1111/j.1746-8361.2010.01230.xISI: 000279021400008Scopus ID: 2-s2.0-77953935910OAI: oai:DiVA.org:kth-27278DiVA: diva2:377583
Note
QC 20101214Available from: 2010-12-14 Created: 2010-12-09 Last updated: 2017-12-11Bibliographically approved
In thesis
1. Preference and Choice
Open this publication in new window or tab >>Preference and Choice
2011 (English)Doctoral thesis, comprehensive summary (Other academic)
Place, publisher, year, edition, pages
Stockholm: KTH Royal Institute of Technology, 2011. 62 p.
Series
Theses in Risk and Safety from the Division of Philosophy at the Royal Institute of Technology, ISSN 1654-627X
National Category
Philosophy
Identifiers
urn:nbn:se:kth:diva-34690 (URN)978-91-7415-951-6 (ISBN)
Public defence
2011-05-18, F3, Lindstedtsvägen 26, KTH, Stockholm, 10:00 (English)
Opponent
Supervisors
Note

QC 20110613

Available from: 2011-06-13 Created: 2011-06-13 Last updated: 2015-06-15Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
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  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
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  • Other locale
More languages
Output format
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