Paul_Gowder comments on The Allais Paradox - Less Wrong

19 Post author: Eliezer_Yudkowsky 19 January 2008 03:05AM

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Comment author: Paul_Gowder 19 January 2008 09:20:38AM 2 points [-]

I confess, the money pump thing sometimes strikes me as ... well... contrived. Yes, in theory, if one's preferences violate various rules of rationality (acyclicity being the easiest), one could conceivably be money-pumped. But, uh, it never actually happens in the real world. Our preferences, once they violate idealized axioms, lead to messes in highly unrealistic situations. Big deal.