Study: Credit Cards Hijack Your Brain, Leading to More Spending

Excited woman with credit card
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Credit cards get you to spend by creating a “purchase craving” in your brain, according to a new study out of the MIT Sloan School of Management. Researchers say the study is the first to show evidence that a consumer’s choice of payment method can trigger different types of brain activation. In the words of two of the study authors — Drazen Prelec of MIT and Sachin Banker of the University of…

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