Showing posts with label Stephen Colbert. Show all posts
Showing posts with label Stephen Colbert. Show all posts

Tuesday, July 8, 2014

Anti-Scam: Rough Guide to Spotting Shady Opportunities, Part 1 of 3.

This guide is an adaptation of "A Rough Guide to Spotting Bad Science" by "Compound Interest", converted for spotting "shady opportunities". For length reasons, this is presented in 3 parts. This is part 1 of 3.

A Rough Guide To Spotting Shady Opportunities  (part 1 of 3)

Shady Opportunities are out there, waiting to take your money on promises of fabulous income... if you hand over your money first. There are twelve signs. Obviously a shady opportunity may not have all the signs, but the more signs you spot, the more shady the opportunity is.

1) Sensationalized Headlines


Headlines are often click bait or link bait, such as "everyone makes money" or "How to turn $289 into $1040 guaranteed"


As Carl Sagan said, "extraordinary claim requires extraordinary evidence". Don't believe the headlines, even if they are made/repeated by people you trust. Remember, they could have been duped. If they don't bother asking for extraordinary evidence, then you cannot trust their judgement on this specific matter.

2) Misinterpreted results

Nothing beats DIRECT access to the data. If you listen to someone's pitch, you are listening to his or her version of what s/he is telling you, which may be just a sales pitch with certain amount of untruth... truth as s/he know it, or the actual truth. You don't know which one it is, or even how much of each.

Without the actual data, any interpretation is just that... an interpretation. You may look at the same data and reach a completely different conclusion.  Much like these two gents used the same data and came to opposite conclusions.