Imo for those people, it is less about the argument of "we live in the modern age, things are different now", and more like "a fool and his money are soon parted[, and i will be the one on the winning side of this partition, not the losing one]" and "there is a sucker born every minute[, but that's not me]".
I.e., it isn't about them believing that modern times are different, it is about them believing that they are the ones above the cut, an exception from the average masses, the kind that can thrive in such landscape. Which is the same core premise that's been funding those types of gambles since forever ago.
I.e., it isn't about them believing that modern times are different, it is about them believing that they are the ones above the cut, an exception from the average masses, the kind that can thrive in such landscape. Which is the same core premise that's been funding those types of gambles since forever ago.