Philosophical Studies (6):1-5 (2016)

Chrisoula Andreou
University of Utah
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 a complicated distraction in the debate concerning cyclic preferences, and that there is a way of understanding the argument that casts it as grounded in a less controversial starting point.
Keywords Cyclic preferences  Intransitive preferences  Irrational  Money-pump argument
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Reprint years 2016
DOI 10.1007/s11098-015-0555-5
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References found in this work BETA

Rationality and Dynamic Choice: Foundational Explorations.Edward Francis McClennen - 1990 - Cambridge, England: Cambridge University Press.
Dutch Bookies and Money Pumps.Frederic Schick - 1986 - Journal of Philosophy 83 (2):112-119.
Rationality and Dynamic Choice: Foundational Explorations.Piers Rawling - 1996 - Philosophical Quarterly 46 (184):390-393.
Dutch Bookies and Money Pumps.Frederic Schick - 1986 - Journal of Philosophy 83 (2):112-119.

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Citations of this work BETA

Better Than.Chrisoula Andreou - 2019 - Philosophical Studies 176 (6):1621-1638.

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