What are the psychological tactics used by scammers on WhatsApp that lead well-meaning individuals to fall victim to investment frauds, despite being aware of such risks?
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Confirmation bias lures you with data that seems to validate the scam.
Authority bias also olays a role. Scammers might portray trusted figures or use fake еndorsements to gain credibleness.
Building on the previous points, scammers also create a false sense of community, making you think that many people are already investing and profiting, so it must be safe.
Authority: Scammers pretend to be experts with impressive titles to gain trust.
They play on emotions with stories of huge gains made by others, which can cloud judgment.