Core Insights: Behavioural Science
Warwick Business School's Core Insights team presents a 12-part series on behavioural science. Warwick Business School has the biggest group of behavioural science researchers in Europe. Over 12 episodes host Trevor Barnes interviews academics on the latest research and thinking into how our mind works, how we make decisions, the biases and heuristics that govern our behaviour and how we can apply behavioural science insights to help improve business, government, health and society.
Core Insights: Behavioural Science
Anchoring - the nudge plunging us all into debt
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Warwick Business School
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Season 1
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Episode 3
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Trevor Barnes, host of Core Insights, interviews Neil Stewart, Professor of Behavioural Science, about a nudge - or sludge - that he discovered on his credit card statement. Anchoring is a well-established nudge with plenty of research confirming its existence. Here, Professor Stewart explains how it is affecting our credit card bill thanks to the minimum payment. For more on this, read Professor Stewart's article here.