Fraud cycles

Gong, Jiong and McAfee, R. Preston and Williams, Michael (2011): Fraud cycles.

Abstract

Fraud is an ancient crime and one that annually causes hundreds of billions of dollars in losses. We examine the behavioral patterns over time of different types of frauds, which illustrate cyclical frequencies. We develop an evolutionary theory that suggests cyclic behavior in frauds should be common.

• Item Type: MPRA Paper
• Language: English
• Keywords: fraud, cycle, steady state
• Subjects: C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C70 - General; A - General Economics and Teaching > A1 - General Economics > A10 - General; D - Microeconomics > D0 - General > D00 - General

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