Loan applications rejected more around midday

At one bank, loan officers rejected significantly more restructuring requests after a few hours' work.....
12 May 2021
Presented by Eva Higginbotham
Production by Phil Sansom.

PAPERWORK

A man writing on a few sheets of paper in front of him.

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It’s often hardest to think when you’ve been working all day - especially if your job involves making lots of decisions. Psychologists call this decision fatigue. And evidence has shown that the phenomenon has serious, real-world consequences... beyond making you collapse on the sofa. Now, a study from the University of Cambridge seems to demonstrate that it could make the difference between your bank loan getting approved - or rejected. Lead author Tobias Baer spoke to Eva Higginbotham...

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