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The Federal Trade Commission has reached a record-setting settlement with two payday lenders affiliated with race car driver Scott Tucker for charging customers undisclosed fees.
I wrote a new blog post on cognitive biases and how you can use them to optimize your online conversion. Basically, cognitive biases arise because our brain is a bit lazy when making everyday decisions. Only when we encounter irregularities (e.g. jumping cars) our brain directs more energy to solve the "problem" (cars cannot jump, what's going on here?!). We can use the knowledge on biases to optimize online conversion. Let me know what you think of it!