ING eZonomics

Using behavioural economics to help you understand and manage your money, making better financial decisions.

[ING Economics @ING_Economics]

What does your country think about the latest #crypto trends? Find out tomorrow in our ING International Survey! Our Behavioural scientist @ExtonJessica and Digital Finance economist @teunisbrosens explain all.

[ING eZonomics @eZonomics]

#Bigtech & #platform (w/Uber & FB) challenges in understanding consumer behavior:
1. Open data
2. #network effects
2. mechanisms behind #effects
3. holistic behavioral experimentation
4. long-run impact measurement
5. meaningful #DataScience+#SocialSciences
Debate now at #BX2019

[ING eZonomics @eZonomics]

Some interesting solutions presented and discussed at #BX2019 in session moderated by @claudiahammond. @thinkforward @commoncentslab to help people with their financial problems.

[ING eZonomics @eZonomics]

“Be fearless without being reckless in facilitating and rewarding replication studies!” @bengoldacre shares his view how to tackle a deeply rooted problem in research to only publish new and successful studies. #bx2019 #replicationcrisis

[ING eZonomics @eZonomics]

#Overconfidence & overoptimism when designing and executing interventions leads to #Megafailure. #Forecasting and #Feedback help move decision-making towards good calibration... @Makeuya & @rtilleard making us realise now how much we need to self-calibrate ourselves #BX2019

[ING eZonomics @eZonomics]

The average behaviour of those around us impacts us less than that of ‘social referents’ - we refer to select people to understand the unwritten laws of our community. At #bx2019 hearing about social congestion and integration @BXconference

[ING eZonomics @eZonomics]

@Katy_Milkman: "mega trial" - financial incentives to improve healthy behaviours in the short term worked best for those who were committed and rewarded for exercising at a fixed time of day. In the longer term best for those who could exercise whenever.

[ING eZonomics @eZonomics]

"People learn the most by seeing what happens to people like them" A #Testimonial intervention showed to boost other people's ambitions for long-term wealth, actual economic outcomes and potentially #PsychologicalWellbeing. @kateorkin sharing #BehavioralEconomics power at #BX2019

[ING eZonomics @eZonomics]

In developed countries we are bombarded with 174 newspapers worth of info per day - but more info doesn’t mean easier choices. Great discussion with @Sheena_Iyengar at the #choice and #authenticity session today #BX2019

[ING eZonomics @eZonomics]

#RCTs well done tell us what works best on average. But there are decisions that people are not willing/shouldn't be randomised to. How to train the #RCT dragon? Great discussion now at #BX2019 #BehavioralEconomics

[ING eZonomics @eZonomics]

Great to learn the best practices of behavioural insights units across the world. Co-creation and shared standards are key to making a true impact! #bx2019 @avangeen @lizdrouinhardy @florlopezboo @mariamchammat

[ING eZonomics @eZonomics]

Session 2 @ #bx2019: Fake news works because we choose the sources that support our beliefs, we are more likely to believe people similar to us and these biases affect all of us regardless of our characteristics #fakenews #behaviouralscience

[ING eZonomics @eZonomics]

Fascinating #bx2019 opening from Prof. Sunstein. Large scale change is unpredictable, social preference falsification means we don’t know what people are thinking or where their threshold for action lies. #socialnorms #behaviouralscience

[ING eZonomics @eZonomics]

The brain is not literally divided into two, the two systems work in tandem and both sides can be biased. Great exploration of some of the myths that have arisen around system 1 and system 2 thinking – had you wandered off?

https://t.co/1OFsx5n6NY

#systemone #systemtwo

[ING eZonomics @eZonomics]

Our partners at the Think Forward Initiative have opened a new call for #research proposals and are looking for the best research ideas around #financial decision-making, financial health and financial well-being - check it out!

https://t.co/jWLa3ASH74

[ING eZonomics @eZonomics]

Loving the British bank holiday today? While it is estimated an extra day off costs the economy £2.3bn through lost productivity, we also know shorter working weeks improve productivity, health and lead to higher employee retention rates. Enjoy!

https://t.co/ZovinDBPep

[ING eZonomics @eZonomics]

The British #bankholiday is coming up and markets aren't immune to time off - the holiday effect refers to a pattern of positive stock performance on the final #trading day before a long weekend.

https://t.co/Q1fFIYMLwk

[ING eZonomics @eZonomics]

Used to use supermarket bags as bin liners? Don’t anymore?

Why banning plastic bags at shops doesn’t always work as intended and why it’s important to consider indirect impacts -

https://t.co/YKGG3tW1Iv

#sustainability #behaviour #change

[ING eZonomics @eZonomics]

We all see the world differently so of course respond to changes in unique ways - a wonderful piece explaining how personality differences can't be forgotten when exploring behavioural change.

https://t.co/Dv1AjDJ74y

#behaviour #change

[ING eZonomics @eZonomics]

Sure, no one loves paying taxes but did you ever think why this might be, outside of the fact that we must part with our cash? Behavioural science suggests the opacity of government processes and difficult tax forms contribute.

https://t.co/Uifd63qI0A