Psychology: Loan applications processed around 12pm are more likely to be rejected. study finds
Applying for a loan? Avoid midday! Applications processed around 12pm are more likely to be rejected as bankers suffer from ‘decision fatigue’ Researchers studied the decisions made by 30 bank credit officers over a month Specifically, they looked at 26,501 loan repayment restructuring requests Decision fatigue is caused by making too many difficult choices in a … Read more