Money Hacks: social proof can lead to a quicker decision, but it may not lead to a better one
Money Hacks is a series exploring Behavioural Economics concepts to illustrate how unconscious biases can influence our decisions. Using social proof, we make decisions based on what we see others doing. But should we?
Money Hacks: are bad mental accounting habits holding you back?
Money Hacks explores behavioural economics concepts and how unconscious biases can influence our financial decisions. Here's how mental accounting can negatively impact your everyday financial decisions — often without even realizing it.