Articles liés à Money-Pump Arguments

9781108718950: Money-Pump Arguments
Couverture souple
ISBN 10 : 1108718957 ISBN 13 : 9781108718950
Editeur : Cambridge University Press, 2022

Synopsis

Suppose that you prefer A to B, B to C, and C to A. 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 B, you are offered a trade back to A for a small cost. Since you prefer A to B, you pay the small sum to trade from B 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. This title is also available as Open Access on Cambridge Core.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Éditeur
Cambridge University Press
Date d'édition
2022
Langue
anglais
ISBN 10 
1108718957
ISBN 13 
9781108718950
Reliure
Broché
Nombre de pages
102
Coordonnées du fabricant
non disponible
Personne responsable
Avery
https://www.avery.fr/

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