behavioral economics
Many people continue to be persuaded by new versions of network marketing and multi-level marketing schemes, even when these organisations closely resemble pyramid structures. The…
Surprising research finds tipping fails to boost service quality
A new study has examined the real reasons people tip and questioned whether the practice genuinely improves service quality. Researchers identified two main motives behind…
New research reveals that households chasing higher savings rates can intensify economic downturns
In prosperous periods, savers tend to pay little heed to the modest variations in interest rates offered by banks. Yet when the economy begins to…
Global Strategies for Balancing Health and Economy in the COVID-19 Era
The COVID-19 pandemic presented governments around the world with an extraordinary challenge: how to strike an effective balance between infection control and the preservation of…
No credit history? You could still prove your financial reliability
According to figures from the World Bank, approximately 1.4 billion people worldwide remain unbanked, meaning they have minimal or no access to formal credit. A…
Domestic Politics Drive the Ultra-Rich to Hide Wealth Offshore
A recent study has shed new light on the impact of political conditions in the home countries of ultra-wealthy elites on their strategies for hiding…
Is Your Colleague a Snoop? BU Study Shows Workplace Spying Raises Stress Levels
Nosy colleagues are a nearly universal fixture in the modern workplace—those individuals who peer over your shoulder at your screen, linger too long during conversations…
Returnless Refunds Strengthen Brand Loyalty
Recent research has illuminated a significant trend in online retail: nearly one in every five items purchased through digital platforms is returned by consumers. While…
Worker Productivity Indicates Preference for Wage Fairness over Wage Uniformity
In a detailed examination involving almost 20,000 employees across public universities, researchers have illuminated a crucial aspect of worker psychology many employers overlook. Rather than…
Dodging the Red Zone: How Automated Bank Alerts Help Prevent Expensive Overdrafts
Automatic bank alerts have emerged as a remarkably effective tool in reducing the financial strain overdraft charges impose on consumers. According to new research conducted…
Stars, Numbers, and the Psychology of Choice
When evaluating a product, the way its rating is presented can significantly shape consumer perception. For instance, a 3.5 rating displayed as stars versus numerals…
Green Shoppers Value Style and Brands, with Finnish Consumers Favouring Simplicity
Researchers recently examined the purchasing behaviours of green and non-green consumers in Finland, Sweden, and the United Kingdom, aiming to understand how attitudes towards sustainability…