全球智库信息集成服务系统(G2TT): Decision-Making Approaches and the Propensity to Default: Evidence and Implications

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w20949
来源ID	Working Paper 20949
	Decision-Making Approaches and the Propensity to Default: Evidence and Implications
	Jeffrey R. Brown; Anne M. Farrell; Scott J. Weisbenner
发表日期	2015-02-16
出版年	2015
语种	英语
摘要	This paper examines heterogeneity in the responsiveness to default options in a large state retirement plan, focusing on individuals’ decision-making approaches as well as their economic and demographic characteristics. Using a survey of plan participants, we find that procrastination and the need for cognitive closure are important determinants of the likelihood of default. We also explore an important implication of defaulting – individuals who default are significantly more likely to subsequently express a desire to enroll in a different plan. The desire to change plans is also correlated with numerous economic and decision-making characteristics, including procrastination.
主题	Microeconomics ; Behavioral Economics ; Households and Firms ; Financial Economics ; Portfolio Selection and Asset Pricing
URL	https://www.nber.org/papers/w20949
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/578624
推荐引用方式 GB/T 7714	Jeffrey R. Brown,Anne M. Farrell,Scott J. Weisbenner. Decision-Making Approaches and the Propensity to Default: Evidence and Implications. 2015.