And it’s worse than just akrasia. If you have incoherent preferences and someone money-pumps you, then the revealed utility function is “likes running around in circles”, i.e. it isn’t even about the choices you thought you were deciding between.
Yup.
Speaking as if “everyone” has a utility function is common around here, but it makes my teeth hurt.
And it’s worse than just akrasia. If you have incoherent preferences and someone money-pumps you, then the revealed utility function is “likes running around in circles”, i.e. it isn’t even about the choices you thought you were deciding between.
Yup.
Speaking as if “everyone” has a utility function is common around here, but it makes my teeth hurt.