Logical Fallacies – What They Are and How They Affect Scam Victims – 2024

Logical Fallacies – What They Are and How They Affect Scam Victims

Understanding How Decision-Making is Influenced by Logical Fallacies in Scam Victims Before, During, and After the Scam

Primary Category: Scam Victim Recovery Psychology

Author:
• Tim McGuinness, Ph.D. – Anthropologist, Scientist, Director of the Society of Citizens Against Relationship Scams Inc.

About This Article

Logical fallacies play a significant role in the cognitive and emotional challenges that scam victims face, both during and after being scammed. These errors in reasoning can make victims more susceptible to manipulation by scammers, causing them to ignore warning signs or justify the scammer’s behavior.

Even after recognizing they have been scammed, these fallacies can inhibit their recovery, leading to prolonged emotional distress and difficulty in moving forward. By understanding and identifying these logical fallacies, victims can better protect themselves from future scams and aid their psychological and emotional recovery. Recognizing these flawed thinking patterns is crucial for overcoming the negative impacts of being scammed and regaining a sense of control and well-being.

Overconfidence And Scam Victims’ Susceptibility To Scams

Psychology of Scams

Authors:
• Vianey Gonzalez B.Sc(Psych) – Psychologist, Certified Deception Professional, Psychology Advisory Panel & Director of the Society of Citizens Against Relationship Scams Inc.
• Tim McGuinness, Ph.D. – Anthropologist, Scientist, Director of the Society of Citizens Against Relationship Scams Inc.

Article Abstract

Overconfidence poses a hidden threat, enticing individuals into the dangerous realms of scams in financial and interpersonal spheres.

Manifesting in decision-making and risk assessment, overconfidence leads people to overestimate their abilities, influenced by cognitive biases and reliance on mental shortcuts.

The brain’s reward system reinforces this bias through positive feedback, hindering objective self-evaluation. This overconfidence, pervasive in romance and cryptocurrency scams, blinds individuals to red flags and manipulations.

Understanding the neuroscience behind overconfidence involves recognizing cognitive biases, anchoring bias, illusion of control, and prefrontal cortex involvement. Mitigating overconfidence requires diverse perspectives, expert advice, critical thinking, and mindfulness, empowering individuals to make rational and informed decisions.

Decision Making