Money-pump arguments:
"Suppose that you prefer A to B, B to C, and A to C. 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 t...
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge ; New York ; Port Melbourne ; New Delhi ; Singapore
Cambridge University Press
2022
|
| Series: | Cambridge elements : elements in decision theory and philosophy
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Summary: | "Suppose that you prefer A to B, B to C, and A to C. 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, once you have C, you are offered a trade back to A for a small cost. Since you prefer A to C, you pay the small sum to trade from C to A. But now you have been turned into a money pump. You are back to the alternative you started with but with less money. This Element shows how each of the axioms of Expected Utility Theory can be defended by money-pump arguments of this kind. The Element also defends money-pump arguments from the standard objections to this kind of approach"-- |
| Physical Description: | 93 Seiten Diagramme 23 cm |
| ISBN: | 9781108718950 |
Staff View
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Record in the Search Index
| _version_ | 1804184784209969152 |
|---|---|
| adam_text | Contents 1 Money-Pump Arguments 1 2 Acyclicity З З Completeness 24 4 Transitivity 39 5 Independence 50 6 Continuity 62 7 Against Resolute Choice 66 8 Against Infinite Money Pumps 74 Appendix A: Notation 78 Appendix B: Principles 78 References 82
|
| adam_txt |
Contents 1 Money-Pump Arguments 1 2 Acyclicity З З Completeness 24 4 Transitivity 39 5 Independence 50 6 Continuity 62 7 Against Resolute Choice 66 8 Against Infinite Money Pumps 74 Appendix A: Notation 78 Appendix B: Principles 78 References 82 |
| any_adam_object | 1 |
| any_adam_object_boolean | 1 |
| author | Gustafsson, Johan |
| author_GND | (DE-588)1272199924 |
| author_facet | Gustafsson, Johan |
| author_role | aut |
| author_sort | Gustafsson, Johan |
| author_variant | j g jg |
| building | Verbundindex |
| bvnumber | BV048641366 |
| classification_rvk | CC 2600 |
| contents | Money-pump arguments -- Acyclicity -- Completeness -- Transitivity -- Independence -- Continuity -- Against resolute choice -- Against infinite money pumps |
| ctrlnum | (OCoLC)1369560598 (DE-599)BVBBV048641366 |
| discipline | Philosophie |
| discipline_str_mv | Philosophie |
| format | Book |
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| id | DE-604.BV048641366 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T21:17:43Z |
| indexdate | 2024-07-10T09:44:50Z |
| institution | BVB |
| isbn | 9781108718950 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034016288 |
| oclc_num | 1369560598 |
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| owner | DE-12 DE-703 |
| owner_facet | DE-12 DE-703 |
| physical | 93 Seiten Diagramme 23 cm |
| publishDate | 2022 |
| publishDateSearch | 2022 |
| publishDateSort | 2022 |
| publisher | Cambridge University Press |
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| series2 | Cambridge elements : elements in decision theory and philosophy |
| spelling | Gustafsson, Johan Verfasser (DE-588)1272199924 aut Money-pump arguments Johan E. Gustafsson (University of York, University of Gothenburg, Institute for Futures Studies) Cambridge ; New York ; Port Melbourne ; New Delhi ; Singapore Cambridge University Press 2022 93 Seiten Diagramme 23 cm txt rdacontent n rdamedia nc rdacarrier Cambridge elements : elements in decision theory and philosophy Money-pump arguments -- Acyclicity -- Completeness -- Transitivity -- Independence -- Continuity -- Against resolute choice -- Against infinite money pumps "Suppose that you prefer A to B, B to C, and A to C. 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, once you have C, you are offered a trade back to A for a small cost. Since you prefer A to C, you pay the small sum to trade from C to A. But now you have been turned into a money pump. You are back to the alternative you started with but with less money. This Element shows how each of the axioms of Expected Utility Theory can be defended by money-pump arguments of this kind. The Element also defends money-pump arguments from the standard objections to this kind of approach"-- Bekundete Präferenz (DE-588)4120990-4 gnd rswk-swf Kosten-Nutzen-Analyse (DE-588)4032589-1 gnd rswk-swf Utility-Theorie (DE-588)4509180-8 gnd rswk-swf Rationalität (DE-588)4048507-9 gnd rswk-swf Decision making Revealed preference theory Utility theory Practical reason Logic, Symbolic and mathematical SCIENCE / Philosophy & Social Aspects Kosten-Nutzen-Analyse (DE-588)4032589-1 s DE-604 Bekundete Präferenz (DE-588)4120990-4 s Utility-Theorie (DE-588)4509180-8 s Rationalität (DE-588)4048507-9 s Erscheint auch als Online-Ausgabe 978-1-108-75475-0 Digitalisierung BSB München - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=034016288&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Gustafsson, Johan Money-pump arguments Money-pump arguments -- Acyclicity -- Completeness -- Transitivity -- Independence -- Continuity -- Against resolute choice -- Against infinite money pumps Bekundete Präferenz (DE-588)4120990-4 gnd Kosten-Nutzen-Analyse (DE-588)4032589-1 gnd Utility-Theorie (DE-588)4509180-8 gnd Rationalität (DE-588)4048507-9 gnd |
| subject_GND | (DE-588)4120990-4 (DE-588)4032589-1 (DE-588)4509180-8 (DE-588)4048507-9 |
| title | Money-pump arguments |
| title_auth | Money-pump arguments |
| title_exact_search | Money-pump arguments |
| title_exact_search_txtP | Money-pump arguments |
| title_full | Money-pump arguments Johan E. Gustafsson (University of York, University of Gothenburg, Institute for Futures Studies) |
| title_fullStr | Money-pump arguments Johan E. Gustafsson (University of York, University of Gothenburg, Institute for Futures Studies) |
| title_full_unstemmed | Money-pump arguments Johan E. Gustafsson (University of York, University of Gothenburg, Institute for Futures Studies) |
| title_short | Money-pump arguments |
| title_sort | money pump arguments |
| topic | Bekundete Präferenz (DE-588)4120990-4 gnd Kosten-Nutzen-Analyse (DE-588)4032589-1 gnd Utility-Theorie (DE-588)4509180-8 gnd Rationalität (DE-588)4048507-9 gnd |
| topic_facet | Bekundete Präferenz Kosten-Nutzen-Analyse Utility-Theorie Rationalität |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=034016288&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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