Cyan comments on What is the most anti-altruistic way to spend a million dollars? - Less Wrong

-4 Post author: Punoxysm 24 March 2014 09:50PM

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Comment author: Cyan 25 March 2014 03:45:10AM 1 point [-]

Invest in the payday loan sector, and reinvest all profits.

Comment author: roystgnr 25 March 2014 06:29:31PM 1 point [-]

Thereby driving up the supply of payday loans, driving down their equilibrium cost? This hurts the existing payday loan providers, but to the benefit of their customers.

Comment author: Cyan 25 March 2014 09:18:40PM *  0 points [-]

In a world with competitive payday loan markets and rational customers, sure. This is not that world.

Interest rate caps and implicit collusion: the case of payday lending

Poverty Impedes Cognitive Function