New travel cash card

travcashCommonwealth Bank have just launched a new Travel Money Card. It allows you to purchase USD, British pounds, Euros, AUD, NZD or Canadian dollars and fix the exchange rate. The card is accepted anywhere Mastercard works, so unlike the Travelex card, this one will work instore, over the phone or online. Transferring betweeen currencies doesn’t attract a fee and there is only a flat ATM withdrawal fee – ie no fees if you’re transacting instore, online, or over the phone.

Apparently ANZ has a similar product.

The benefit of this for frequent travellers is that it enables you to purchase a currency when the value is low and save money when you’re away. Its also pretty good if you purchase a lot overseas via the internet because those overseas Visa/Mastercard charges can get pretty vicious.

Read More ....

People at the same meeting paying attention to different details of a shared event

The Unreliable Witness

We tend to think memory is where our account of an event becomes unreliable. But the process begins earlier. Attention is selective, perception is incomplete, and two people can experience the same event while noticing very different things.

The data is good. The model is sound. And the decision still doesn't hold the way it should. The problem isn't the analysis. It's what the analysis assumes about the stability of the world it's describing.

Deciding Under Constraint

The data is good. The model is sound. And the decision still doesn’t hold the way it should. The problem isn’t the analysis. It’s what the analysis assumes about the stability of the world it’s describing.