In “Confessions of a Confidence Man,” Edward H Smith lists the Six Stages of a Confidence Scheme
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Researchers Huang and Orbach argue: Cons succeed for inducing judgment errors—chiefly, errors arising from imperfect information and cognitive biases.
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Greed, the desire to ‘get something for nothing,’ is a shorthand expression of marks’ beliefs that too-good-to-be-true gains are realistic.
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Bottom Line: If something seems too good to be true, it probably is /END
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