Ep 130: Steven Pinker’s ”Rationality” Ch 6 ”Risk and Reward” (Rational Choice & Expected Utility). Analysis.
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The Axiom of Transitivity
When you compare two options at a time, then logically you must prefer a to c. A person can be like a committee trying to reach a decision. Pinker will come back to this as well. These axioms apply both to groups of people making decisions, hence social choice theory and duals.
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