3 Discussion - Ponzi schemes and affinity groups

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Hudson County Community College *

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CRJ-214-ON

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Chemistry

Date

Feb 20, 2024

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docx

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1

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What are some "affinity" groups to which you belong and feel connected? Are you more likely to trust those affinity groups, and if so in what circumstances? If not, why not? Why do you think affinity groups are so powerful? I do not currently belong to any affinity groups. In high school, I belonged to multiple affinity groups. The main two were PGC and the National Honor Society. Yes, I am more likely to trust those affinity groups in most circumstances. I would trust them because, in both affinity groups, trust is established. Affinity groups are so powerful since they are founded on similar identities, experiences, or interests. Affinity groups are effective because they are formed around common interests, experiences, or identities. Members might develop a sense of trust and community as a result of their shared commonalities. Because they feel understood and connected on a deeper level, people are more likely to trust others in their affinity groups. This trust can be useful in a variety of situations, such as joint initiatives or support networks. It can, however, be exploited, as evidenced in affinity frauds such as Ponzi schemes.
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