Reading the December issue of Vanity Fair, I came across a curious find.
Economic Think Tank Polls Experts on Key Policy Questions
Thanks to a just launched website produced by the University of Chicago Booth School of Business, you can follow your favorite economist, or get a sense of what the consensus of leading economists think about a variety of current public policy questions.
Benartzi, Thaler and Previtero Attack the ‘Annuity Puzzle’
Financial industry professionals have long grappled with the so-called 'annuity puzzle'–-the quandary as to why savers who would seem to rationally benefit from annuitizing a portion of their savings do not avail themselves of the opportunity.
New Wave of Active ETFs; Richard Thaler Rethinks Retirement: October Research—Slideshow
Research’s October cover story reports that the fast-changing field of ETFs is heading for a new watershed: the rise of actively managed funds. Also in the issue, Gerald Burstyn examines the work of economist Richard Thaler, who is using the insights of behavorial psychology to aid retirement income decision-making.
How a Freethinking Economist Saved Your Retirement Portfolio
Research by economist Richard Thaler, a professor at the University of Chicago, has “nudged” vast numbers of Americans to a higher savings rate.
The Psychology of Advice: Positively Irrational
One of the most difficult parts of an advisor's practice must be dealing with clients' irrational ideas and actions. As a psychotherapist who happens to...
The originators of the Save More Tomorrow (SMarT) system--Richard Thaler of the University of Chicago and Shlomo Benartzi of UCLA--describe SMarT as a "choice architecture...
As Reform Bill Nears Release, a Renewed Call for the Fiduciary Standard
Nobel laureates, economists, industry luminaries sign statement from Committee for Fiduciary Standard
To Learn More About Behavioral Finance . . .
BOOKS Advances in Behavioral Finance by Richard Thaler (Russell Sage Foundation, 1993) Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein (John Wiley & Sons, 1996) Choices, Values,...
All In Your Head
Albert Einstein once reportedly said, "Only two things are infinite, the universe and human stupidity, and I'm not sure about the former." While the great...