The Profile of Ponzi Scheme Victims in China and the Characteristics of Their Decision-making Process
Datos Bibliográficos
| ID | 2153433 |
|---|---|
| Autores | Leishi Fei (Beijing Normal University, Beijing, China), Huijie Shi (Queen’s University, Kingston, Ontario, Canada), Xiaomin Sun (0000-0002-2773-7761, Beijing Normal University, Beijing, China, autor de correspondencia), Jia Liu (0000-0002-9209-1215, Ningxia University, Yinchuan, China), Hongyu Shi (0009-0000-8482-3845, Beijing Normal University, Beijing, China), Yiming Zhu (0000-0002-9106-8718, Beijing Normal University, Beijing, China) |
| Año | 2021 |
| Volumen | 42 |
| Número | 12 |
| Páginas | 1596-1609 |
| Fecha de publicación | 2021-12-02 |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | Deviant Behavior (JOURNAL) |
| Identificadores de la revista | ISSN: 0163-9625 • E-ISSN: 1521-0456 |
| Editorial | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/01639625.2020.1768639 |
| OpenAlex | W3027119102 |
| Idioma | EN |
| Citas recibidas | 6 |
| Referencias citadas | 30 |
Ponzi schemes have begun flourishing in China in recent years. However, there is a dearth of empirical research on the victims of Ponzi schemes. The current study investigated the demographic characteristics of the victims of a Ponzi scheme based on archived data of 698 people, 30 of whom were invited to participate in in-depth interviews. Based on the interview data, we investigated why the victims invested in the scheme the first time, why they invested in the same scheme repeatedly, and why many of them relentlessly participated in other similar schemes after the disclosure of the current one without effectively learning from their failures. Inspired by institutional anomie theory, the current study suggests that specific sociocultural contexts (i.e., high living expenses, a high inflation rate, fake advertisements from newspapers, an inadequate banking system, and an ambiguous legal system) play vital roles in shaping victims' motivation, decision-making, and investment behaviors. The practical implications of the current study are also discussed
Advertising · Anomie · Business · China · Empirical research · Flourishing · Investment (military · Newspaper · Political science · Politics · Process (computing · Public relations · Scheme (mathematics · Computer Science · Corruption and Economic Development · Crime, Illicit Activities, and Governance · Cybercrime and Law Enforcement Studies · Law · Psychology · Social Psychology
Victims’ relational work in online investment fraud
The demographic profile of susceptibility of financial fraud victimization in Malaysia
Gender and age-based investor affinities in a Ponzi scheme
Analysing motivations of Ponzi victims in West Bengal, India
Lower social status predicts greater behavioral trust in social exchanges
Entrapped subjects
Crime and the American dream
Strong Evidence for Gender Differences in Risk Taking
The Framing of Decisions and the Psychology of Choice
Fraud and white‐collar crime
The Ponzi Scheme Puzzle
On the Division of Labor in Society
Investing in people
The Identification of Ponzi Schemes
Interpersonal trust, trustworthiness, and gullibility
Recasting Stigma as a Dialogical Concept
Social Theory and Social Structure
The case for motivated reasoning
Fraud and the American Dream
Quality of Life as a Social Representation in China
| Citas por año | 1,2 |
|---|---|
| Intervalo de citas | 2021 - 2026 (6) |
| Altamente citado | No |