Have you ever accepted online terms and conditions without reading them? Have you ever visited a restaurant without looking up its reviews? Have you ever thrown a ball without mapping out its trajectory using Newton’s equations of motion? Yes? Then you have displayed a behaviour known as cognitive miserliness. Cognitive miserliness: the tendency t...
15 March 2021 Behavioral Economics in Banking
The number of Google searches for the word unprecedented has recently spiked to unprecedented levels[1]. And for good reason; the COVID-19 pandemic is unlike anything in living memory - and it is not affecting everybody in the same way. Here I set out the reasons why different socioeconomic groups could be affected very differently by the pandemic...
06 April 2020 Innovation in Financial Services
Douglas AndersonFounder at Club Vita
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