Johanna Thoma discusses: "Money Pump," argument & rational choice | LSE Philosophy 

This debate is specifically about 'preference' as a theoretical concept in decision theory, which doesn't necessarily map onto our ordinary understanding of preference. These two articles of mine try and provide some justification for the behavioural understanding: johannathoma.files.wordpress.com/2020/02/in-defence-of-revealed-preference-theory-final-eap.pdf (forthcoming in Economics and Philosophy) and johannathoma.files.wordpress.com/2020/04/folk-psychology-and-the-interpretation-of-decision-theory-final-version-ergo.pdf (forthcoming in Ergo).

I think it's a reasonable view. You have a cycle preference but you break it when you understand you're being pumped. That means your preferences now include "not being pumped," and you break the cycle. Your choice reveals your preference.