—“You often say “bait into hazard”, any chance you could explain that in more depth? I don’t really get what you mean. Are you talking about moral hazard in economics? And what’s the baiting?”—
If I suggest you might win at gambling (you can’t), that’s baiting you into hazard. If I entice you into buying drugs, i’m baiting you in to a hazard, since addiction is a spiral.
If I offer you a loan to get what you want under impulse or duress, but I can extract interest from you, and then seize your property in restitution.
If I promise you equality or socialism when it’s genetics that cause our differences, and you act to destroy your civilization, then that’s all baiting into hazard.
if I promise you salvation in heaven if you rebel against the government that is trying to create order and prosperity over the next few decades, that is baiting you into a hazard.
In other words, you are entering into a voluntary exchange that is not in your interests, simply because for whatever reason you are vulnerable to the trap.