Deviant Cards
Credit cards are one of the modern era’s great financial innovations, and have benefited the financial institutions that issue them terrifically. Unfortunately many of the people who use them get rather less rewards, mainly because of the unconscious biases that compel their every conscious move.
One of the few manifest and practical advantages of credit cards, though, is that analysis of their use is a practical primer in many of the behavioural biases which so entrance us on these pages and of the way in which ill-considered legislation magnifies their effects. Credit cards are a marvellous mechanism for a study of our deviant debt-laden ways and the ineptitude of our legislative representatives. However, they’re also the thin end of a very dangerous wedge.
Credit cards are one of the modern era’s great financial innovations, and have benefited the financial institutions that issue them terrifically. Unfortunately many of the people who use them get rather less rewards, mainly because of the unconscious biases that compel their every conscious move.
One of the few manifest and practical advantages of credit cards, though, is that analysis of their use is a practical primer in many of the behavioural biases which so entrance us on these pages and of the way in which ill-considered legislation magnifies their effects. Credit cards are a marvellous mechanism for a study of our deviant debt-laden ways and the ineptitude of our legislative representatives. However, they’re also the thin end of a very dangerous wedge.
