Behavioural scientist Nick Epley, a professor at the University of Chicago Booth School of Business (formerly Chicago GSB), shows how we unconsciously distort or omit vital information when choosing what to do.
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Venezuela gets lifeline after 39% of bondholders accept PDVSA swap
Investors holding $2.8bn of debt issued by Petróleos de Venezuela have agreed to swap their holdings of the group’s debt for new bonds maturing in 2020, falling significantly short of the oil company’s target and raising questions over whether it can avoid a default next year.
Moody’s fires warning on AT&T credit rating
Credit rating agency Moody’s has warned AT&T that it is being reviewed for a downgrade as the US telecoms group seeks to takeover media behemoth Time Warner for $85.4bn.
May promises ‘general’ parliamentary debates on Brexit
UK prime minister Theresa May will allow a series of “general” debates on Brexit in Parliament but has repeated that the government “must not show its hand in detail” before it enters formal negotiations with the EU.
Wells Fargo customers are switching banks after scandal, poll finds
One in 7 have decided to move their accounts, according to survey
CBI survey paints mixed picture of UK manufacturing
Employment in the sector fell for the first time for six years but orders and output rose