Phorced to Phish: Benefits of a Phishing Equilibrium

Publikation: Bidrag til tidsskriftTidsskriftartikelfagfællebedømt

A salesman calls up to offer you a “much” better phone plan. Before you know, you have changed to this new plan, which not only exceeds your needs, but also “procures” a six-month free subscription to an online music service. You needed neither and pay more: you have just been “phished” as Akerlof and Shiller would say in their recent book Phishing for Phools. Furthermore, their phishing equilibrium dictates that if your company does not phish others will, so you phish to survive. The purpose of this paper is to present a formal analysis of phishing and phishing equilibria with surprising potential benefits to consumers rather than scamsters.
OriginalsprogEngelsk
ArtikelnummerRBF-07-2016-0045
TidsskriftReview of Behavioral Finance
Vol/bind10
Udgave nummer2
Sider (fra-til)183-191
Antal sider9
ISSN1940-5979
DOI
StatusUdgivet - 14 jun. 2018

ID: 197813157