Category: Behavioral Economics
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Some products address fear more than risk
Many consumer products promise safety but mostly deliver reassurance. How to tell when you’re paying for genuine risk reduction and when you’re paying for calm.
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Credit Cards Make It Harder to Feel Broke
Credit cards do not just enable spending; they neurologically blunt the signal that tells you you’ve spent too much. The cost shows up later.
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Dave Ramsey’s debt snowball is mathematically wrong — and why that’s still fine
The debt snowball costs more than the avalanche on paper. It also gets finished more often, and that behavioral edge usually wins in the real world.
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Credit limits are psychological traps
A higher credit limit feels like financial trust, but it’s a behavioral nudge designed to make you spend more. Here’s what banks know about the limit you don’t.