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Loan applications processed around midday more likely to be rejected – Phys.org

Bank credit officers are more likely to approve loan applications earlier and later in the day, while ‘decision fatigue’ around midday is associated with defaulting…

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Bank credit officers are more likely to approve loan applications earlier and later in the day, while ‘decision fatigue’ around midday is associated with defaulting to the safer option of saying no.
These are the findings of a study by researchers in Cambridge’s Department of Psychology, published today in the journal Royal Society Open Science.
Decision fatigue is the tiredness caused by having to make difficult decisions over a long period. Previous studies have shown that people suffering from…

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