The psychology of fraud: how smart victims are tricked

Stephen E G Lea has served as Professor of Psychology, Deputy Vice-Chancellor, Dean of the Faculty of Science and Head of the Department, later School, of Psychology, at the University of Exeter. Prof Lea has retired from his full-time post and continues academic work as an Emeritus Professor.

Frauds perpetrated against individuals require the active cooperation of the victim. But why do people comply with transactions that are not in their best interests? Stephen E G Lea discusses the relevant psychological principles and possible ways to mitigate scam risks.