contain  multitudes  •  by  Padma  Dorje  •  established  in  2003
contain  multitudes
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We utilize the story of the Confidence Man in its historical context to explain the nature of scams as the exploitation of predictable imperfect decisions. We specifically focus on bounded rationality and other human imperfections of both scammers and their victims, as well as the ways scammers utilize time, information, and institutional complexity to advance their schemes.digitalcommons

Scamming: The Misunderstood Confidence Man

We utilize the story of the Confidence Man in its historical context to explain the nature of scams as the exploitation of predictable imperfect decisions. We specifically focus on bounded rationality and other human imperfections of both scammers and their victims, as well as the ways scammers utilize time, information, and institutional complexity to advance their schemes.
psychology


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