Articles by Michael Mori
-
Monday
August 15
2016Elisabeth Rhyne / Michael Mori
Borrowing and Saving – Not Two Sides of the Same Coin
From a mathematical point of view, borrowing and saving are mirror images. In both cases many small payments allow for one or more large payouts. Only the sequence differs. But after traveling to India and Kenya as part of a research project, we were struck by vast differences in the way people make borrowing and savings decisions - and these have profound implications for financial service providers.
- Categories
- Uncategorized