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The author’s suggesting that smart people are more likely to fall for cons that they try to dissect but can’t find the specific method being used, supposedly because they consider themselves to be infallible.
I disagree with this take. I don’t see how that thought process is exclusive to people who are or consider themselves to be smart. I think the author is tying himself into a knot to state that smart people are actually the dumb ones, likely in preparation to drop an opinion that most experts in the field will disagree with.
It’s not a take though, it’s a thing. The tendency to fall into irrational beliefs has been called “Dysrationalia” in psychology and is linked to higher education and intelligence. An example would be the tendency of Nobel prize winners to espouse crazy theories later in life, which is humourously referred to as the Nobel Disease.
They aren’t saying that this is exclusive to people who consider themselves smart. They’re saying that they’re more likely to fall for the trap by engaging with the assumption of not being susceptible to being tricked. Although I think the author does conflate smart people with people who think of themselves as smart inappropriately.