A marginalized ethnic group’s tradition of blatantly displaying wealth gives some valuable insights on financial behavior in the XXIst century world. Moreover, “Conspicuous saving” offers valuable insights for the design of consumer financial products aimed at increasing financial security. (7 min read + an invitation).
In Early September 2016 I had the privilege to give a keynote presentation and a workshop at The Australian Market & Social Research Society annual conference in Melbourne Australia.
The keynote I gave under the title “Beyond Nudge Behavioral Design & Big Context” covered two major issues.
First it emphasized that behavioral science insights can and should be integrated in the very core of services, businesses and public policy. Simply put, we need to go from “nudges” that augment exist...