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tpmcafe.talkingpointsmemo.com - 12/17/2008
Credit Card Payments and Psychological "Anchoring"
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How much do you pay per month on your credit card balance(s)? The minimum suggested? The full balance? Somewhere in between? Does the "suggested minimum" payment (a legal requirement) have an effect? It may not seem so, but psychologists have determined that those minimum payment numbers may ...

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The Hollywood Liberal:  Credit Card Payments and Psychological “Anchoring”

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Credit Card Payments and Psychological “Anchoring”
The Hollywood Liberal — Credit Card Payments and Psychological “Anchoring” How much do you pay per month on your credit card balance(s)? The minimum suggested? The full balance? Somewhere in between? Does the “suggested minimum” payment (a legal requirement) have an effect? It may not seem so, but psychologists have… [image] [image] Wade Gets 30 Months For Bribing Cunningham Mitchell Wade, the contractor who in 2006 pleaded guilty to bribing Duke Cunningham to the tune of over $1 million, was sentenced moments ago to 30 months in federal prison, and ordered to pay a $25,000 fine. The relative leniency… [image] [image] This entry was posted on Wednesday, December ...

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