401k auto-enrollment, deferral, and escalation? Thank Shlomo Benartzi, a pioneer in the field of behavioral economics. He developed the highly-regarded Save More Tomorrow system with Nobel Prize winner Richard Thaler, which uses subtle “nudges” to redirect our biases and bad decisions to healthier habits.
Dr. Benartzi joins us to evaluate the recently-passed CARES Act though the lens of his behavioral research and clues us in the positive aspects—and potential pitfalls—contained in the legislation.
He is co-founder of the Behavioral Decision-Making Group at UCLA Anderson School and a Distinguished Senior Fellow at the Wharton School’s Behavior Change for Good Initiative.
Benartzi is also Senior Academic Advisor at the Voya Behavioral Finance Institute for Innovation, and more videos, research, and thought-leadership can be found HERE.
With more than 20 years serving financial markets, John Sullivan is the former editor-in-chief of Investment Advisor magazine and retirement editor of ThinkAdvisor.com. Sullivan is also the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
