The optimal amount of fraud is non-zero
bitsaboutmoney.com
The optimal amount of fraud is non-zero
Once identity is solved, credit risk becomes easier. You can’t commit fraud or default on your debt just by wriggling free into the ether; your credit history is immutable and follows you everywhere. In a fully transparent world — even if pseudonymous — willingness to pay becomes a given, and so the analysis can focus on ability to pay.
Matt Harris • The Future Of Money: A Complete Revolution
two ways of addressing a problem of insufficient variety in the control system. One of them involves reducing the information set, which makes you vulnerable to fraud from the things you are not monitoring. And the other one involves introducing new people to trust, which makes you vulnerable to fraud if they turn out not to be trustworthy.
Dan Davies • Lying for Money: How Legendary Frauds Reveal the Workings of the World
Essentially, we cheat up to the level that allows us to retain our self-image as reasonably honest individuals.
Dan Ariely • The Honest Truth About Dishonesty: How We Lie to Everyone--Especially Ourselves
And the rest will be honest as long as the conditions are right—but if they are tempted enough, they’ll be dishonest too. Locks won’t protect you from the thieves, who can get in your house if they really want to. They will only protect you from the mostly honest people who might be tempted to try your door if it had no lock.”