Most of the examples I came up with, when I tried to formalise them, ended up being either rent-seeking or arbitrage.
My approach for finding money-pumping candidates seemed to be “in what ways are people scammed over and over again?” I’ve come to believe this approach is flawed, and my intuitions for what money-pumping would actually look like are off-base.
Most of the examples I came up with, when I tried to formalise them, ended up being either rent-seeking or arbitrage.
My approach for finding money-pumping candidates seemed to be “in what ways are people scammed over and over again?” I’ve come to believe this approach is flawed, and my intuitions for what money-pumping would actually look like are off-base.