You still lose money, though.
There seems to be some confusion. When we say “money pump” we are talking specifically about the dutch book. We aren’t listing (arguably) inefficient ways to spend money.
Oh, indeed! I was just noting that preference change over time is a problem, not the same problem as money pumps.
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There seems to be some confusion. When we say “money pump” we are talking specifically about the dutch book. We aren’t listing (arguably) inefficient ways to spend money.
Oh, indeed! I was just noting that preference change over time is a problem, not the same problem as money pumps.