Posts Tagged ‘mobile banking’

Cash? Can I take it in lumber, please?

A number of mobile banking experts have been envisioning the ‘cash-less village’, in which villagers pay for groceries and services on their mobile phones. But, in his book Predictably Irrational, Dan Ariely, a behavioural economist at Duke University, shows how the degree of abstraction of our currency can lead us to experience greater and greater distance from our ethical values, increasing moral hazard.



Read Full Post »