Recently, there has been some discussion of how Dutch Book arguments might be
used to demonstrate the rational incoherence of certain hidden variable models
of quantum theory (Feintzeig and Fletcher 2017). In this paper, we argue that
the 'form of inconsistency' underlying this alleged irrationality is deeply and
comprehensively related to the more familiar 'inconsistency' phenomenon of
contextuality. Our main result is that the hierarchy of contextuality due to
Abramsky and Brandenburger (2011) corresponds to a hierarchy of
additivity/convexity-violations which yields formal Dutch Books of different
strengths. We then use this result to provide a partial assessment of whether
these formal Dutch Books can be interpreted normatively.Comment: 26 pages, 5 figure
