{"product_id":"money-pump-arguments-paperback-9781108718950","title":"Money-Pump Arguments (Paperback \/ softback) 9781108718950","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eMoney-Pump Arguments\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eExpected Utility Theory can be defended by money-pump arguments. These arguments avoid the standard objections to this kind of approach.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eJohan E. Gustafsson (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781108718950, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 13 October 2022\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e100 pages\u003cbr\u003e22.8 x 15.2 x 0.6 cm, 0.16 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eSuppose 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Money-pump arguments\u003cbr\u003e 2. Acyclicity\u003cbr\u003e 3. Completeness\u003cbr\u003e 4. Transitivity\u003cbr\u003e 5. Independence\u003cbr\u003e 6. Continuity\u003cbr\u003e 7. Against resolute choice\u003cbr\u003e 8. Against infinite money pumps.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Philosophy of science [\u003ca title=\"See our other books on Philosophy of science\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Philosophy%20of%20science%20%5BPDA%5D%22\"\u003ePDA\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46003415154968,"sku":"9781108718950","price":17.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9781108718950i_063483a0-e5a1-4889-a042-f313f369c66e.jpg?v=1696718010","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/money-pump-arguments-paperback-9781108718950","provider":"Freshly Printed Books","version":"1.0","type":"link"}