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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 Cambridge s 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 suffering from decision fatigue tend to fall back on the default decision : choosing whatever option is easier or seems safer.
The researchers looked at the decisions made on 26,501 credit loan applications by 30 credit officers of a major bank over a month. The officers were making decisions on restructuring requests : where the customer already has a loan but is having difficulties paying it back, so asks the bank to adjust the repayments.
Published 15 March 2021
Researchers have mapped an underlying “psychological signature” for people who are predisposed to holding extreme social, political, and religious attitudes and supporting violence in the name of ideology.A new study suggests that a particular mix of personality traits and types of unconscious cognition – the ways our brain takes in basic information – is a strong predictor for extremist views across a range of beliefs, including nationalism and religious fervor.
A new study suggests that a particular mix of personality traits and types of unconscious cognition – the ways our brain takes in basic information – is a strong predictor for extremist views across a range of beliefs, including nationalism and religious fervor.
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