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  1. Money Pumps, Incompleteness, and Indeterminacy.Johan E. Gustafsson - 2016 - Philosophy and Phenomenological Research 92 (1):60-72.
    In an alleged counter-example to the completeness of rational preferences, a career as a clarinettist is compared with a career in law. It seems reasonable to neither want to judge that the law career is at least as preferred as the clarinet career nor want to judge that the clarinet career is at least as preferred as the law career. The two standard interpretations of examples of this kind are, first, that the examples show that preferences are rationally permitted to (...)
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  • Cashing Out the Money-Pump Argument.Chrisoula Andreou - 2016 - Philosophical Studies (6):1-5.
    The money-pump argument figures as the staple argument in support of the view that cyclic preferences are irrational. According to a prominent way of understanding the argument, it is grounded in the assumption that it is irrational to make choices that lead one to a dispreferred alternative. My aim in this paper is to motivate diffidence with respect to understanding the money-pump argument in this way by suggesting that if it is so understood, the argument emerges as question-begging and as (...)
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  • Money Pumps, Synchronic and Diachronic.Yair Levy - 2014 - Journal of Ethics and Social Philosophy 8 (2):1-7.
  • The Sequential Dominance Argument for the Independence Axiom of Expected Utility Theory.Johan E. Gustafsson - 2021 - Philosophy and Phenomenological Research 103 (1):21-39.
    Independence is the condition that, if X is preferred to Y, then a lottery between X and Z is preferred to a lottery between Y and Z given the same probability of Z. Is it rationally required that one’s preferences conform to Independence? The main objection to this requirement is that it would rule out the alleged rationality of Allais and Ellsberg Preferences. In this paper, I put forward a sequential dominance argument with fairly weak assumptions for a variant of (...)
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  • Decision Theory.Katie Steele & H. Orri Stefánsson - 2015 - In Stanford Encyclopedia of Philosophy.
  • Exploiting Cyclic Preference.Arif Ahmed - 2016 - Mind:fzv218.
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  • Money Pumps, Diachronic and Synchronic.Yair Levy - 2014 - Journal of Ethics and Social Philosophy:XX.
    The Money Pump argument is designed to demonstrate the irrational flaw of having cyclic preferences, by showing how the irrational agent is vulnerable to exploitation. The argument faces some longstanding objections, which point out how one may avoid the threat of exploitation without resolving the associated irrationality. Recently a new, synchronic version of Money Pump has been put forward which promises to undercut those standard objections. However, I argue that the synchronic Money Pump cannot deliver on its promise: parallel objections (...)
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