type="main" xml:id="ecor12107-abs-0001" <p>Low levels of non-default decision-making among superannuation members in Australia are assumed to be evidence of a lack of interest and capability. Using member records and survey data from a large Australian superannuation fund, we test the relationship...</p>

Which statement conveys greater risk: ``100 people die from cancer every day'' or ``36,500 people die from cancer every year''? In statistics where both frequencies and temporal information are used to convey risk, two theories predict opposite answers to this question. Construal level theory...

Most experimental investigations of risky choice provide participants with a description of the probabilities and outcomes for each option, and observe that small probabilities are overweighted. However, when payoffs are learned from repeated experience of outcomes (as in many real-world...

: We report the results of two laboratory experiments that study how university student and staff participants chose retirement savings investment options using ‘user-friendly’ information prescribed by regulators. We demonstrate that choices of more than 20% of participants cannot be...