A Deluxe Money Pump

2013 ◽  
Vol 3 (1) ◽  
pp. 21-29
Author(s):  
Tom Dougherty
Keyword(s):  
Money Pump

scholarly journals Non-transitive Better than Relations and Rational Choice

Philosophia ◽  
2019 ◽  
Vol 48 (1) ◽  
pp. 179-189 ◽  
Author(s):  
Anders Herlitz
Keyword(s):  
Rational Choice ◽  
Decision Problems ◽  
Decision Method ◽  
Money Pump ◽  
Better Than

Abstract This paper argues that decision problems and money-pump arguments should not be a deciding factor against accepting non-transitive better than relations. If the reasons to accept normative standpoints that entail a non-transitive better than relation are compelling enough, we ought to revise our decision method rather than the normative standpoints. The paper introduces the most common argument in favor of non-transitive better than relations. It then illustrates that there are different ways to reconceptualize rational choice so that rational choice is possible also when the relevant better than relation is non-transitive.

A Money-Pump for Acyclic Intransitive Preferences

dialectica ◽  
2010 ◽  
Vol 64 (2) ◽  
pp. 251-257 ◽  
Author(s):  
Johan E. Gustafsson
Keyword(s):  
Money Pump ◽  
Intransitive Preferences

scholarly journals The Money Pump as a Measure of Revealed Preference Violations

2011 ◽  
Vol 119 (6) ◽  
pp. 1201-1223 ◽  
Author(s):  
Federico Echenique ◽  
Sangmok Lee ◽  
Matthew Shum
Keyword(s):  
Revealed Preference ◽  
Money Pump

The Irrelevance of the Diachronic Money-Pump Argument for Acyclicity

2013 ◽  
Vol 110 (8) ◽  
pp. 460-464 ◽  
Author(s):  
Johan E. Gustafsson ◽  
Keyword(s):  
Money Pump

Prospectism and the weak money pump argument

2014 ◽  
Vol 78 (3) ◽  
pp. 451-456 ◽  
Author(s):  
Martin Peterson
Keyword(s):  
Money Pump

Upshots for Other Debates

2021 ◽  
pp. 281-314
Author(s):  
Alex Worsnip
Keyword(s):  
Rational Choice ◽  
Rational Choice Theory ◽  
Choice Theory ◽  
Higher Order ◽  
Dutch Book ◽  
Philosophical Literature ◽  
Normativity Of Logic ◽  
Money Pump ◽  
Higher Order Evidence

This chapter explores and draws out the consequences of both the dualist view of rationality defended in Part I and the theory of structural rationality defended in Part II for a series of standing debates in (meta)ethics and epistemology—including debates about moral rationalism, rational choice theory, higher-order evidence, the normativity of logic, epistemic permissivism, and conditionalization. It also considers and criticizes some popular ways of trying to account for the existence and force of coherence requirements in the formally inclined philosophical literature—namely, Dutch book and money pump arguments and accuracy dominance arguments.

scholarly journals A Simpler, More Compelling Money Pump with Foresight

2020 ◽  
Vol 117 (10) ◽  
pp. 578-589
Author(s):  
Johan E. Gustafsson ◽  
Wlodek Rabinowicz ◽  
Keyword(s):  
Decision Problems ◽  
Backward Induction ◽  
Cyclic Preferences ◽  
Money Pump ◽  
Choice Node

One might think that money pumps directed at agents with cyclic preferences can be avoided by foresight. This view was challenged two decades ago by the discovery of a money pump with foresight, which works against agents who use backward induction. But backward induction implausibly assumes that the agent would act rationally and retain her trust in her future rationality even at choice nodes that could only be reached if she were to act irrationally. This worry does not apply to BI-terminating decision problems, where at each choice node backward induction prescribes a move that terminates further action. For BI-terminating decision problems, it is enough to assume that rationality and trust in rationality are retained at choice nodes reachable by rational moves. The old money pump with foresight was not BI-terminating. In this paper, we present a new money pump with foresight, one that is both BI-terminating and considerably simpler.

The money pump revisited

2003 ◽  
Vol 8 (1) ◽  
pp. 59-76 ◽  
Author(s):  
JONATHAN ALDRED
Keyword(s):  
Money Pump
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