Rabinowicz, Wlodek (2001) A centipede for intransitive preferrers. Studia Logica, 67 (2). pp. 167-178. ISSN 0039-3215
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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 |
| Date Deposited: | 19 Nov 2013 16:32 |
| Last Modified: | 11 Dec 2024 22:25 |
| URI: | http://eprints.lse.ac.uk/id/eprint/54466 |
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A centipede for intransitive preferrers. (deposited 19 Nov 2013 16:28)
- A centipede for intransitive preferrers. (deposited 19 Nov 2013 16:32) [Currently Displayed]
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