If you find a person whose preferences aren't transitive, you can make infinite money. Let's...

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If you find a person whose preferences aren't transitive, you can make infinite money.

Let's look at three preferences and call them A, B and C. For simplicity we define 'The person likes A more than B' as A > B. And we say that those three preferences are the ones that are not transitive. We can define them in such a way that this...

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irishmolly72 · 56-60, F

Isn't that a violation of Pareto's laws regarding the utility theory of goods and money?

Luke73 · 26-30, M

@irishmolly72 Can you expand on that?

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faery · F

You expect to make money from gifts? What if they don't accept a gift they don't want? There goes your fee, lol

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faery · F

@Luke73 Theoretically, I guess. I'm just not sure what actual service you provide or why any business would allow a third party to collect fees for services they provide

Luke73 · 26-30, M

@faery Why would there be a third party involved? I've never mentioned a third party.

faery · F

@Luke73 You are the third party in your scenario. There is the seller/purveyor of said goods, the recipient of the those goods and then there's you collecting the restocking fee. Or are you saying that you plan to be the purveyor of the goods?

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