Harvard PhD on mistakes and biases in financial decisions of individuals.
Founder & CEO of Cache, building a fully-automated, AI-powered cash management platform for households.
Small banks come with advantages and drawbacks.
Consider making it a little harder to spend money.
Liran Eliner got his PhD from Harvard and studies how social media, work from home, and leverage effects retail investors trading activity. We focus on the reddit phenomenon and whether it is benefiting those who use such social media platforms as their main source of investing information.
Old studies have shown that credit cards increased spending because people didn’t immediately see the spent amount in their bank account and therefore didn’t internalize that they actually spent money. Frictionless payment methods extend this further, making it harder for people to actually internalize that one click of a button or one swipe of your phone actually means that you spent money.