The Madoff saga is a vivid reminder of people’s vulnerability to Ponzi schemes, and to how little the financial scams change over time. How are we to account for such schemes? Why do people fall for the same old tricks?
No takes yet. Share an insight, caveat, or question.
Mervyn K. Lewis (2012) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: