Nudges in Personal Finance: The Case of Overdrafts
Unarranged overdrafts are financial products which help personal current account holders deal with outstanding balances or declined payments. However, consumers have the tendency to use these products too often, underestimating their negative financial consequences. Concerned by their financial well-being, the Financial Conduct Authority in the United Kingdom has begun to address the issue through the application of nudges.
All’s Well That Ends Better: The Need for an Emotionally Rewarding Finish Leads to Risk Taking at the End
New research shows how our motivational need for an emotionally rewarding ending affects decision-making.
Launch of the Behavioral Economics Guide 2018: An Event Review
The official launch of the Behavioral Economics Guide 2018 took place on 13 September 2018 in London, UK. Here’s our write-up of the event.
Using Multiple Social Nudges to Reduce Peak Energy Demand
Can multiple social nudges be combined to achieve behavior change in electricity consumption? Find out in this post.
Now Available: The Behavioral Economics Guide 2018
Just released: the fifth annual Behavioral Economics Guide with contributions from five continents.
The ‘Interpersonal Gambler’s Fallacy’: When Similarity Backfires
New research shows that being similar to a previous winner can have radically different effects on people’s participation likelihood in sweepstakes – it all depends on the attributions people make for the winning outcome.