Growth

Rich and Co.

“The basic mechanism explaining the success of Ponzi schemes…

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“The basic mechanism explaining the success of Ponzi schemes is the tendency of humans to model their actions, especially when dealing with matters they don’t fully understand, on the behavior of other humans.” The effect is particularly powerful within an ethnic or religious community

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Written by Rich and Co.

July 13, 2011 at 3:06 am

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