IDEAS home Printed from
   My bibliography  Save this article

Clumps and Pumps: Clumpiness, Resolution and Rational Choice




It is widely held that the possibility of value-incomparability poses a serious threat to comparativism. Some comparativists propose to avoid this problem by supplementing the three traditional value relations with a fourth value relation, variously identified as ‘roughly equal’ or ‘on a par’. However, in a recent article in this journal, Nien-he Hsieh has proposed that the comparisons thought to require rough equality or parity could instead be understood in terms of the concept of ‘clumpiness’. Against this suggestion, Martin Peterson has argued that the concept of clumpiness allows agents to be exploited in money-pumps, thus removing the central appeal of the concept. In this note, I show that Peterson's argument fails to establish that the concept of clumpiness allows agents to be exploited in money-pumps.

Suggested Citation

  • Steglich-Petersen, Asbjørn, 2012. "Clumps and Pumps: Clumpiness, Resolution and Rational Choice," Utilitas, Cambridge University Press, vol. 24(01), pages 118-125, March.
  • Handle: RePEc:cup:utilit:v:24:y:2012:i:01:p:118-125_00

    Download full text from publisher

    File URL:
    File Function: link to article abstract page
    Download Restriction: no

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:utilit:v:24:y:2012:i:01:p:118-125_00. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Keith Waters). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.