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A centipede for intransitive preferrers

Rabinowicz, Wlodek (2001) A centipede for intransitive preferrers. Studia Logica, 67 (2). pp. 167-178. ISSN 0039-3215

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Identification Number: 10.1023/A:1010586802757

Abstract

In the standard money pump, an agent with cyclical preferences can avoid exploitation if he shows foresight and solves his sequential decision problem using backward induction (BI). This way out is foreclosed in a modified money pump, which has been presented in Rabinowicz (2000). There, BI will lead the agent to behave in a self-defeating way. The present paper describes another sequential decision problem of this kind, the Centipede for an Intransitive Preferrer, which in some respects is even more striking than the modified pump. In the new problem, the BI reasoning that implies self-defeating behavior does not rest on the controversial robustness assumption concerning beliefs in one's future rationality. This strengthens the claim that foresight cannot save the intransitive preferrer from a self-defeating course of action.

Item Type: Article
Official URL: http://link.springer.com/journal/11225
Additional Information: © 2001 Kluwer Academic Publishers
Divisions: Philosophy, Logic and Scientific Method
Subjects: B Philosophy. Psychology. Religion > B Philosophy (General)
B Philosophy. Psychology. Religion > BC Logic
B Philosophy. Psychology. Religion > BJ Ethics
Sets: Departments > Philosophy, Logic and Scientific Method
Date Deposited: 19 Nov 2013 16:32
Last Modified: 20 Jan 2020 02:47
URI: http://eprints.lse.ac.uk/id/eprint/54466

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