Anchoring - the nudge plunging us all into debt

Core Insights: Behavioural Science

Core Insights: Behavioural Science
Anchoring - the nudge plunging us all into debt
Oct 12, 2020 Season 1 Episode 3
Warwick Business School

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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.