money pump n. Quick reference
A Dictionary of Psychology (4 ed.)
... pump n. A pattern of intransitive or cyclic preferences causing a decision maker to be willing to pay repeated amounts of money to have these preferences satisfied without gaining any benefit. The simplest example is a person who evaluates three commodities x , y , and z and prefers x to y , y to z , and z to x . A person may, for example, prefer one lawnmower x to another y because it is larger, and may prefer y to z for the same reason, but may prefer z to x because x would be extremely difficult to take to a repair shop if...
money pump
Consumerism Reference library
An Oxford Companion to the Romantic Age
...the key cause, of the industrial revolution was the articulation of effective home consumer demand. Even if by the early Victorian age—arguably the peak decades of industrial transformation—economic dynamism was primarily associated with steam-powered factories and also with the pumping out of heavy industrial products and capital goods (coal, iron, steel, chemicals, steam engines, railways, ships, machine tools, and factory plant), the initial industrial quickening from around 1760 is said to have involved first and foremost a growing capacity to meet rising...
Revolution Reference library
An Oxford Companion to the Romantic Age
...the older societies, which were dominated by minor gentry and professional men. In response to the spread of this extra-parliamentary reform movement, the wide dissemination of Paine's work, and the proliferation of reforming handbills, chap-books, poems, songs, and squibs being pumped out by radical presses both in London and in the provinces, the government issued a Royal Proclamation Against Seditious Writings and Publications in May 1792 and inaugurated a prosecution for libel against Paine for Rights of Man: Part the Second . But while several hundred...
11 The Technologies of Print Reference library
James Mosley
The Oxford Companion to the Book
...introduced. A lever at the side enabled the caster to raise the matrix and eject the cast type without opening the mould. This device is credibly said to have raised the daily production by hand to as many as 8,000 small types. Another mechanical aid was the expedient of fixing a pump to the pot containing molten metal, so that the hand mould could be rapidly and more evenly fed. The powered injection of the metal also made it easier to cast finely ornamented types, introduced to rival the lettering drawn by lithographers, who competed for the more elaborate...
pumping
Cyberskills Association
Dutch book
automatic stabilizers
prime
transitive preferences
cyclic preferences
intransitive preferences
fens
decision theory
Mary Celeste
pumping Quick reference
A Dictionary of Business and Management (6 ed.)
... The colloquial name for the injection of money into the US banking system by the Federal Reserve Bank to force down interest...
pumping Quick reference
A Dictionary of Finance and Banking (6 ed.)
... The colloquial name for the injection of money into the US banking system by the Federal Reserve Bank to force down interest...
prime Quick reference
The Oxford Dictionary of Idioms (4 ed.)
... prime the pump stimulate or support the growth or success of something, especially by supplying it with money. 🅘 This phrase is used literally of a mechanical pump into which a small quantity of water needs to be poured before it can begin to function. 1977 Tom Sharpe The Great Pursuit Significance is all … Prime the pump with meaningful ...
Dutch book n. Quick reference
A Dictionary of Psychology (4 ed.)
...n. A money pump in which a person holds intransitive or cyclic preferences , for example, preferring x to y, y to z , and z to x . Such a person is therefore willing to pay to have any of them exchanged for one that is preferred to it, and is then willing to pay to have that one exchanged for another, and so on indefinitely. The property that differentiates a Dutch book from any other money pump is that the price for each exchange is lowered until the person is willing to pay for it, although the term is often used as a synonym for a money pump. ...
