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PRODID:-//Grails iCalendar plugin//NONSGML Grails iCalendar plugin//EN
VERSION:2.0
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BEGIN:VEVENT
DTSTAMP:20260407T180227Z
DTSTART;TZID=Europe/London:20170425T100000
DTEND;TZID=Europe/London:20170425T113000
SUMMARY:In Defence of Preference Cycles
UID:20260408T210159Z-iCalPlugin-Grails@philevents-web-f5d4878dd-r5qzs
TZID:Europe/London
LOCATION:7 Portugal Street\, London\, United Kingdom\, WC2A 2HJ
DESCRIPTION:<p>Abstract: I argue that acyclicity of preference cannot be defended as a general requirement of instrumental rationality. The standard instrumentalist defence of the requirement to have acyclical preferences\, namely the money pump argument\, relies on a fatal equivocation about the standard of instrumental rationality. Instead\, I show that on the most plausible view of the standard of instrumental rationality\, acyclicity can be justified as a conditional requirement of instrumental rationality: It turns out to be a requirement of instrumental rationality for agents who have a desire to have choice dispositions that are stable over time and across different choice contexts. For the rest of us\, instrumental rationality is more permissive.</p>
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