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Money Pumps and Diachronic Books
Philosophy of Science
Vol. 69, No. S3 (September 2002), pp. S235-S247
Stable URL: http://www.jstor.org/stable/10.1086/341849
Page Count: 13
You can always find the topics here!Topics: Pumps, Prices, Betting, Rational choice theory, Judgmental probability, Judgment, Reason, Dutch book argument, Rationality, Denial
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Abstract The idea that rational agents should have acyclic preferences and should obey conditionalization has been defended on the grounds that otherwise an agent is threatened with becoming a “money pump.” This essay argues that such arguments fail to prove their claims.
Copyright 2002 by The Philosophy of Science Association. All rights reserved.