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    Carmelics

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    LoyalLoyalJusticeJustice
    Made withinDC&Austin
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    Home/Original/inverse
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    Inverse View

    It is not the case that Transitivity of preferences is a plausible rationality condition.

    ?Set your confidence on the premises below to see your aggregate.

    Reasons For

    2 perspectives
    Reason for 1 of 2
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    • 1.Preferences can be legitimately context-dependent, making apparent intransitivity reflect rational sensitivity to framing rather than incoherence.
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    • 2.Tversky's preference reversal experiments show systematic intransitivity in human judgment that cannot be dismissed as mere error or irrationality.
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    • 3.A rationality condition that fails to describe any actual rational agent is descriptively and normatively inadequate as a universal constraint.
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    Reason for 2 of 2
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    • 1.The money pump argument assumes agents make sequential, isolated choices, but real agents anticipate the sequence and refuse the first trade.
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    • 2.McClennen's 'resolute choice' framework shows agents can be rationally immune to money pumps without requiring transitive preferences.
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    • 3.Therefore, the money pump fails to establish transitivity as a necessary condition of rationality, only as one sufficient defense against exploitation.
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    Reasons Against

    1 perspective
    Reason against
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    • 1.If an agent's preferences are intransitive and the agent is willing to make exchanges, the agent can be exploited indefinitely (money pump).
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    • 2.Agents will refuse to trade or adjust preferences to eliminate intransitivity rather than be exploited.
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