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A "money pump" is a concept from economics and game theory that describes a situation where an individual can be exploited due to inconsistencies in their preferences or choice-making. The term often applies to situations involving violations of rational choice, particularly in the context of decision-making under uncertainty or with non-standard preferences. In a typical money pump scenario, a person has preferences that are not transitive or consistent.

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  1. Applied probability
  2. Applied mathematics
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