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Loan applications processed around midday more likely to be rejected ANI | Updated: May 06, 2021 20:00 IST Washington [US], May 6 (ANI): According to a new study, bank credit officers are more likely to approve loan applications earlier and later in the day, while decision fatigue around midday is associated with defaulting to the safer option of saying no. These are the findings of a study by researchers in Cambridges Department of Psychology, published to...

Psychologists studied the decisions made on 26,501 loan applications by a major banks team of 30 credit officers over the course of one month.

Loan applications processed around lunchtime more likely to be rejected Researchers found that bank officers with "decision fatigue" before lunch are more likely to say no Updated Decision fatigue is the tiredness caused by having to make difficult decisions over a long period (Image: Shared Content Unit) There are always big stories on WalesOnline - dont miss any with our daily emailInvalid EmailSomething went wrong, please try again later. Sign me up now When you subscribe we will use the inf...

 E-Mail Bank credit officers are more likely to approve loan applications earlier and later in the day, while decision fatigue around midday is associated with defaulting to the safer option of saying no. These are the findings of a study by researchers in Cambridges Department of Psychology, published today in the journal Royal Society Open Science. Decision fatigue is the tiredness caused by having to make difficult decisions over a long period. Previous studies have shown that people suf...