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Inverse View
It is not the case that An agent with intransitive preferences who is willing to make exchanges can be exploited without limit.
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Reasons Against
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Reason against
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1.
If an agent prefers X to Y, Y to Z, and Z to X, the agent will pay to exchange Y for X, Z for Y, and X for Z.
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2.
Starting from any state, this cycle of paid exchanges can repeat indefinitely, draining the agent's resources.
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Strongest counterpoint
Explore the most compelling reason on the other side.