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No Stupid Questions

150. Why Do People Get Scammed?

No Stupid Questions

Freakonomics Radio + Stitcher

Society & Culture

4.63.6K Ratings

🗓️ 18 June 2023

⏱️ 38 minutes

🧾️ Download transcript

Summary

What makes a con succeed? Does snake oil actually work? And just how gullible is Angela?

Transcript

Click on a timestamp to play from that location

0:00.0

Oh God, I have not been reading those emails carefully.

0:05.6

I'm Angela Duckworth.

0:08.0

I'm Mike Mon.

0:09.0

And you're listening to no stupid questions.

0:11.5

Today on the show, why do people fall for scams?

0:16.4

My brother had just returned from spending the summer in, you guessed it, Nigeria.

0:22.4

Oh God.

0:30.6

Mike, we have a great question that cuts a little close to the bone, at least in my own life.

0:39.4

It's from Raymond Chen and he asks, why do people get scammed?

0:43.8

Is everyone susceptible?

0:45.5

How do we check ourselves before committing to a scam no matter what stage of life we're

0:50.7

in?

0:51.7

Do you just say it cuts close to the bone?

0:54.0

I think it's important that we be honest with our listeners from the beginning.

0:58.3

I'm going to admit one as well, but do you want to start if you ever fall in for a scam?

1:02.3

I am sure that I have, but I'll tell you what's at the very top of my memory.

1:07.6

My mom, who you know, is amazing and wonderful.

1:12.0

So she's 88 now.

1:13.6

So it was a few years ago and it cuts close to the bone because by the way, it was actually

1:17.7

more than the money in this scam that was the real cost to her and then by extension to

1:23.6

me.

1:24.6

So somebody calls my mom and I can't recreate the conversation because it wasn't recorded.

...

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