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- Gustafsson, Johan E.
(författare)
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A Money-Pump for Acyclic Intransitive Preferences
- 2010
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Ingår i: Dialectica. - : Verein philosophie.ch. - 0012-2017 .- 1746-8361. ; 64:2, s. 251-257
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Tidskriftsartikel (refereegranskat)abstract
- 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.
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