Pattern comments on Alex Tabarrok advocates for crowdfunding systems with *Refund Bonuses*. I think this might be a natural occurrence of a money pump against Causal Decision Theory pledgers

[Pattern]

Who pays the cost for refund bonuses?

Also, that money could also be used for funding public goods so—expecting them to become overfunded (when they are losing a source of funding) seems to miss the mark. ‘The money is more poorly allocated’ seems like a bigger issue, that could happen.

The alternative is refund bonuses coming from the platform (kickstarter) which is already taking a cut.