Game Theory and Online Scams – 2024
Game Theory and Online Scams
Understanding and Reducing the Risks of Online and Phones Scams
Subtitle
Primary Category: Mechanics of Scams
Author:
• Tim McGuinness, Ph.D. – Anthropologist, Scientist, Director of the Society of Citizens Against Relationship Scams Inc.
About This Article
Game theory provides valuable insights into the strategies used by both scammers and potential victims in online scams.
Scammers manipulate their targets through urgency, deception, and emotional exploitation to maximize their gains. Victims, on the other hand, are in a position of uncertainty and must decide whether the situation is legitimate or fraudulent. By applying game theory principles, victims can develop strategies such as increasing skepticism, verifying information, delaying decisions, and focusing on long-term risks rather than short-term gains.
This approach helps individuals better navigate the strategic “game” of online scams, reducing their vulnerability to fraud.
