Latest / Behavioral Economics with Fexingo: Decision Making, Bias, and How People Really Spend
Why Your Brain Treats a Receipt as a Loss
Why does opening a credit card statement or seeing a receipt feel worse than the actual purchase? In this episode of Behavioral Economics with Fexingo, Lucas and Luna explore receipt aversion, a cognitive bias that makes us dislike seeing the total of what we've spent. They dive into a 2023 experiment by researchers at the University of Chicago and the University of Toronto that found people were willing to pay a small fee to avoid seeing an itemized receipt after a purchase. The hosts discuss how this bias plays out in everything from grocery shopping to subscription services, and why…
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