Suppose that you prefer A to B, B to C, and C to A. Your preferences violate Expected Utility Theory by being cyclic. Money-pump arguments offer a way to show that such violations are irrational. Suppose that you start with A. Then you should be willing to trade A for C and then C for B. But then, once you have B, you are offered a trade back to A for a small cost. Since you prefer A to B, you pay the small sum to trade from B to A. But now you have been turned into a money pump. You are back to the alternative you started with but with less money. This Element shows how each of the axioms of Expected Utility Theory can be defended by money-pump arguments of this kind. This title is also available as Open Access on Cambridge Core.
Almost all life depends on light for its survival. It is the ultimate basis for the food we eat (photosynthesis), and many organisms make use of it in basic sensory mechanisms for guiding their behaviour, be it through the complex process of vision, or by the relatively more simple photosens itivity of microorganis~urthermore, light has profound implications for the field of medicine, both as a cause of disease (ie UV damage of DNA), and as a therapeutic agent (ie photodynamic therapy). These and other processes are the basis for the science of photobiolog~ which could be defined as the study of the effects of (visible and ultraviolet) light (from both the sun and artificial sources) on living matter. By its very nature, therefore, it is a multidisciplinary science involving branches of biology, chemistry, physics and medicine. This book contains a selection of papers which have been chosen to highlight recent advances in the various disciplines that make up photo biology. Although no book on photobiology can hope to be comprehensive, we hope that this volume includes a representative sample of much of what is new in the field. It is, however, inevitable that some areas will be better represented than others reflecting the biases of conference org anisers and editors.
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