Scam-Proof Your Brain (Part 2): Digital Scams

from My Two Cents: Finance for Teens & Young Adults

In Part 2 of our "Scam-Proof Your Brain" series, we examine three digital scams that disproportionately affect teens: online shopping fraud, imposter scams, and cryptocurrency investment schemes.Mahima explores the phenomenon of perceived financial success in cryptocurrency, highlighting how social media influences investment behaviors and contributes to fraudulent activities by exploiting herding behavior. The episode also discusses other digital scams exploiting present bias and authority bias. Episode references peer-reviewed research from the University of Rhode Island, Harvard Medical School, the National Institutes of Health, and the University of Vaasa.

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This episode is 11 minutes long.

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This episode was published on November 13, 2025.

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