Posts related to “financial inclusion”

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Introducing the ideas42 Directory of Academic Experts in Behavioral Science

Sep 3, 2015

We probably don’t need to tell you, savvy reader, that behavioral science is fascinating. The insights on human behavior that have come from the last few decades of research are not only profound and compelling, but can also delight. Take loss aversion. First demonstrated by Daniel Kahneman and Amos Tversky, this principle says we dislike … Read more.

Behavioral Design Lessons for Improving Consumer Financial Health

Mar 30, 2015

Imagine you’ve been stuck in a meeting that ran into the lunch hour and you’re hungry—really hungry. You’ll focus on your hunger, craving whatever is closest and finding it tough to stick to long-term nutritional goals like maintaining low cholesterol. A very hungry version of you will also be more easily deterred by any short-term … Read more.

Beyond Design, Behavioral Science for the Pilot and Scale of Product Innovations

Dec 16, 2014 by ideas42

This post originally appeared on the Center for Financial Inclusion at Accion Blog. What does it take to successfully design, pilot, and scale an effective new financial product or service? Much more than most would realize! That’s why the Center for Financial Inclusion’s (CFI) recent behavioral insights workshop in Bogota, Colombia, had a clear focus: … Read more.

Promoting Financial Inclusion for More Americans: The Financial Innovation Lab Presented by American Express

Sep 5, 2014

Approximately 70 million American adults are considered unbanked or underbanked, and are forced to manage their money through costly alternative financial services that operate outside of the traditional banking system. These services, such as check-cashers and payday loans, impose large fees that often accumulate over time, which can trap consumers in cyclical and deepening debt. An alarming … Read more.