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Apr. 3, 2023
Psychologist Angela Duckworth and technology executive Mike Maughan discussed Professor of Psychology and Molly Mason Jones Chair in Psychology Stacey Wood鈥檚 research on scams during the latest episode of their […]
Read MoreIn an article by MarketWatch, Molly Mason Jones Chair in Psychology Stacey Wood shares insights on how to recognize and respond to common financial elder abuse scams. Wood says scammers […]
Read More“We know from social psychology that people comply with authority,” Wood said. “. . . They did a lot to really leverage that credibility and authority.”
Read More鈥淎dvances in technology, advances in crypto technology, having people isolated from third parties that might have been able to intervene, and less opportunity for affection all came together in a perfect storm,鈥 she said.
Read MoreDigital and social media-dependent scams, such as the recent FTX cryptocurrency collapse, have attracted a number of celebrity endorsements and investors.
Read More“. . . when they just admitted that they had lost this money, they were able to start the healing,” Wood says.
Read MoreWood told the Times that she has witnessed similar multi-platform scams, which she calls “hybrids.”
Read MoreArcha Dileep 鈥24 and Hannah Lak 鈥23 have been working in Professor Wood鈥檚 lab since fall 2021 as part of a collaborative, passionate group studying psychological issues around scams and fraud.
Read MoreWood and Hanoch point out that many cryptocurrency scams combine similar techniques as other types of fraud鈥攕uch as romance scams and Ponzi schemes鈥攚ith the anonymity and lack of oversight that the cryptocurrency market provides duplicitous users.
Read MoreStacey Wood, Molly Mason Jones Chair in Psychology and professor of psychology, discussed the prevalence of home-buying solicitation scams with NextAdvisor, a financial advice publication produced in partnership with TIME magazine.
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