What’s an Advisor’s Value?
A recent survey conducted by Fidelity Investments found that only 57% of clients felt their advisor provided value during “recent market conditions.”
When Bad Things Happen to Good Portfolios—and What to Do About It
Is there a better way? Can the divide between Eugene Fama and Richard Thaler be bridged?
Behavioral Economist Thaler Warns of ‘Hindsight Bias’: IMCA Conference
If so many advisors saw 2008 coming, why hadn’t more investors avoided the aftermath?
Benartzi on Retirement Income Challenge: ‘Airplanes Without Landing Gear’
Professor Shlomo Benartzi's new book laments inability to ‘land’ retirement plans with income streams.
The Annuity Puzzle
Since at least 1965 and the seminal research of Menachem Yaari, economists have recognized that retirees should convert far more of their assets into an income annuity at retirement than they do
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.