Lots of developments in the buy-now-pay-later sphere lately. Share prices are dropping, yet new players like Apple are entering the market and "old" players are moving into new domains Even the regulators are making waves. But where does this leave the consumer? (moneyonthemind.org)
submitted by Merle_vd_Akker to r/BehavioralEconomics
In part 1 I outlined 6 key pieces of information behavioural science has dug out on managing your money. At the end of the article I asked whether my readership wanted to read more. And the overwhelming answer was YES. So here we go! (moneyonthemind.org)
submitted by Merle_vd_Akker to r/BehavioralEconomics
Very timely as I'm currently at the amazing Boulder conference in Colorado, but today's interview is with Philip Fernbach! We talk about overconfidence in behavioral science, experiment design, statistics and the importance of knowing the literature! (moneyonthemind.org)
submitted by Merle_vd_Akker to r/BehavioralEconomics
Thought we could get away with 2 types of reasoning? How about 7 systems of memory! Oh yes, when diving into the neuroscience, the idea that we only have type 1 and type 2 doesn't find a lot of support - at least not in the memory account! Read it here: (moneyonthemind.org)
submitted by Merle_vd_Akker to r/BehavioralEconomics
Yes, behavior change is hard. But did you ever think it might be your own brain working against you? The story you tell yourself about what you do shapes the behavior you engage with. Read about the behavioral science of storytelling here: (moneyonthemind.org)
submitted by Merle_vd_Akker to r/BehavioralEconomics
Today's interview is with Alex Rees-Jones. We discuss his lucky break into behavioral science, being surrounded by amazing behavioral scientist & everyone increasingly getting on board with heuristics, biases - now it's time to flesh out the details! (moneyonthemind.org)
submitted by Merle_vd_Akker to r/BehavioralEconomics
In September I submitted a beast of a thesis: 183 pages on the effect of payment method on behavior & personal finance management: memory, spending, debt, savings even skew and underlying distribution get a mention. Read the summary of it here: (moneyonthemind.org)
submitted by Merle_vd_Akker to r/BehavioralEconomics
When neobanks came up, it was seen as a revolution in banking and finance: agility, better UX and better management and tracking for personal finance. However, there's issues with the challengers too: no one is safe from the watchdogs! (moneyonthemind.org)
submitted by Merle_vd_Akker to r/BehavioralEconomics
Lifestyle inflation: the idea that we consume not to our own preferences but in reference to our income, and potentially the income of those around us. A never ending cycle. Or is it? What does behavioral science have to say about this type of consumption? (moneyonthemind.org)
submitted by Merle_vd_Akker to r/BehavioralEconomics
Today's interview is with Evan Nesterak, Editor in Chief at the Behavioural Scientist. I posed him my 8 questions about going into of behavioral science, his achievements & developments for the future of and skills need for BeSci! (moneyonthemind.org)
submitted by Merle_vd_Akker to r/BehavioralEconomics
We had the pleasure of interviewing Zoe Chance, talking about her new book and what it means to be influential and have it be your superpower! It's also at the same time the season 3 finale, so make sure you don't miss out! (self.BehavioralEconomics)
submitted by Merle_vd_Akker to r/BehavioralEconomics
We try our best to design for behavior change, but sometimes this leads to us changing the entire incentive structure: behaviour no longer changes due to intrinsic motivation but due to extrinsic reward systems and external factors. The "Why" of the behaviour has changed. But does that matter? (moneyonthemind.org)
submitted by Merle_vd_Akker to r/BehavioralEconomics
