Reply to post: Re: Surprised?

Three things that have vanished: $3.6bn in Bitcoin, a crypto investment biz, and the two brothers who ran it

Michael Wojcik Silver badge

Re: Surprised?

And there are plenty of cases where people with financial training and expertise fell for obvious scams. There was a case some years back in Michigan where the treasurer of a corporation embezzled a bunch of money and sent it to a 419-style scammer.

People are bad at evaluating risk and they're bad at making rational economic decisions.

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