Ian's list

Top picks from the web on money and your life, from ING economist Ian Bright – November 7, 2017

Product placement

Product placement

The next time you go into a shop, take a look at their displays. Psychology Today reports research suggesting that we tend to see products that are spaced further apart – from jewellery to painkilling balms - as more valuable and desirable. Here are more ways shops and restaurants can influence what we buy.

Choices, choices

Choices, choices

Having too many options can lead to “choice overload” and subsequently buyer’s remorse. Now a new study has found when we’re most likely to become overwhelmed by possibilities. Factors include how much information is given about each choice, the goal we are aiming to achieve, and how long we have to decide.

Banking blind

Banking blind

We’re more likely to log into our bank accounts when expecting good news – but ignore them when we’ve been splurging or think the balance will be low, according to a study quoted by MarketWatch. The researchers, from the US National Bureau of Economics Research, said it’s consistent with the ostrich effect and can mean we incur fees. 

Ian Bright
Ian Bright

Senior economist at ING
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