Can behavioural science help us do better with our money?
Listen now
Description
Host Audrey Dias talks with Neil Stewart, Professor of Behavioural Science and Rafael Batista, former Head of Behavioural Research at Commonwealth Bank, about how the finance industry is using nudges to help customers with their money. Professor Stewart has done pioneering work on credit cards and is forcing the industry to think again about how it persuades customers to pay off their debt. While Rafael used behavioural science nudges to help Commonwealth Bank build a better relationship with their customers. Read more on the subject with these articles from Professor Stewart on Is your credit card statement nudging you into more debt? and  Why using direct debits may add to your credit card bill. And you can find out more about Rafael's journey with behavioural science in this feature Change Maker: Rafael Batista nudging for good in banking.
More Episodes
Core Insights host Trevor Barnes talks to Jonothan Neelands, Professor of Creative Education at Warwick Business School, about his that work helped Coventry to develop its winning bid to become UK City of Culture in 2021.The City of Culture programme, and events such as the Commonwealth Games...
Published 07/11/24
In the final episode of this seven-part series in conjunction with the Gillmore Centre for Financial Technology we are looking at Central Bank Digital Currencies (CBDCs), and how they will work alongside cryptocurrencies. It has been argued in some quarters that the introduction of CBDCs will...
Published 04/16/24