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No Stupid Questions

Why Do People Get Scammed? (Replay)

No Stupid Questions

Freakonomics Radio + Stitcher

Society & Culture

4.63.6K Ratings

🗓️ 11 August 2024

⏱️ 35 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

Hi, NesQ listeners. This week we're bringing you one of our favorite episodes from the

0:08.4

NesQ Archive, one of the first episodes featuring Mike and Angela.

0:12.9

We hope you'll enjoy this conversation

0:14.7

and we'll be back next week with a brand new episode of the show.

0:21.2

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

0:24.6

I'm Angela Duckworth.

0:26.6

I'm Mike Mann, and you're listening to no stupid questions.

0:30.4

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

0:35.0

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

0:41.0

Oh God. Mike, we have a great question that's

0:45.0

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

0:58.0

It's from Raymond Chen and he asks, why do people get scammed? Is everyone susceptible? How do we check ourselves before committing to a scam no matter what stage of life we're in?

1:10.0

You just said it cuts close to the bone.

1:12.9

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

1:17.2

I'm going to admit one as well, but do you want to start?

1:19.6

Have you ever fallen for a scam?

1:21.2

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

1:25.2

memory. My mom who you know is amazing and wonderful so she's 88 now so it was a few years ago and it cuts close to the bone because by the way it was actually more than the money in this scam that was the real cost to her and then by extension to me. So somebody calls my mom and I can't

1:46.9

recreate the conversation because it wasn't recorded so I only have it from my mom's

1:51.0

rendition but some conversation that was like your

1:54.4

grandson is in trouble and then my mom I think said something like oh my

2:00.0

grandson Bill and then you, it's like,

...

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