I believe you are very much mistaken. The risk/reward profile of both acts are wildly different: the chances of getting caught while operating a honeypot AP in

I believe you are very much mistaken. The risk/reward profile of both acts are wildly different: the chances of getting caught while operating a honeypot AP in a public environment are vanishingly small, not so with running around brandishing a knife. Think of it like gas station card skimmers (where the risk is substantially higher than the rogue AP) where the financial motivation is already enough for some people to try it. I might be a tad cynical on this, but since there's money to be made I bet it happens more often than we hear about.