Ian's list

Top picks from the web on money and your life, from ING economist Ian Bright – July 14, 2016

Pilot fuel savings

Pilot fuel savings

A Virgin Atlantic Airways experiment nudged its pilots to use less fuel and apparently the experiment worked. The related research paper explains that simply telling pilots they are being monitored and giving them personalised feedback on their fuel efficiency saved £3.3 million.

Wages of time

Wages of time

Does being paid hourly or yearly change the way you view yourself and your work? Behavioural economist Dan Ariely writes that long-term savings may be affected by the way salaries are framed. Hourly pay typically leads to saving less for retirement while an annual salary encourages more long-term savings.

Shock your system

Shock your system

Behavioural economists use nudging to help people make better decisions, but Pavlok wristbands go a step further and use electrical shocks to change bad habits. As this article explains, device features include an ability to deliver a zap to wearers who overspend, based on self-imposed limits.

Ian Bright
Ian Bright

Senior economist at ING
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