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Money-Pump Arguments
Af: Johan E. Gustafsson
Engelsk
Bogcover for Money-Pump Arguments af Johan E. Gustafsson, 9781108718950
Specifikationer
Sprog:
Engelsk
Sider:
102
ISBN-13:
9781108718950
Indbinding:
Paperback
ISBN-10:
1108718957
Kategori:
Udg. Dato:
13 okt 2022
Størrelse i cm:
15,2 x 22,8 x 1,0
Forlag:
Serie:
Oplagsdato:
13 okt 2022
Forfatter(e):
Genre:

Money-Pump Arguments

Af: Johan E. Gustafsson
Engelsk
Paperback 2022
Format:
Paperback
Bog beskrivelse
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.
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Specifikationer
Sprog:
Engelsk
Sider:
102
ISBN-13:
9781108718950
Indbinding:
Paperback
ISBN-10:
1108718957
Kategori:
Udg. Dato:
13 okt 2022
Størrelse i cm:
15,2 x 22,8 x 1,0
Forlag:
Serie:
Oplagsdato:
13 okt 2022
Forfatter(e):
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