Stay updated with breaking news from Drazen Prelec. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
In a world where people must take on numerous financial responsibilities, saving money has become more critical than ever. Savings accounts are interest-bearing bank accounts where the frequency and...
One of the standard rules of wise financial management is to avoid credit card debt, mainly because you could get stuck in a cycle of paying high interest rates on purchases that you might not have...
After three years of lockdown caused by the pandemic, spending has started to come back to pre-pandemic levels.
The pandemic gave consumers an excuse to spend more to make up for lost time. Those who went overboard are trying to reverse course.
For years, banks and credit card companies have known customers tend to spend more money when buying with credit cards instead of cash. A new study by MIT Sloan School of Management Professor Drazen Prelec and University of Utah Professor Sachin Banker found that excess credit card... Read More... Don't Miss Any Updates! News Directly in Your Inbox Subscribe to: