All entries for Friday 05 September 2008

September 05, 2008

How Psychology Affects Credit Card Payments

Writing about web page http://www2.warwick.ac.uk/newsandevents/audio/?podcastItem=neil_stewart_podcast.mp3

A psychological phenomenon called ‘anchoring’ can determine the amount you pay on your credit card bill. Dr Neil Stewart from the Department of Psychology at Warwick University sheds light on how we can be more ‘credit savvy’ when making credit card repayments.


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