Showing 1 - 3 of 3
Structural factors which cause irrational investment in defined contribution savings plans are of great concern. Using a proprietary database of 401(k) plans we show that alphabeticity – the order that fund names appear when listed in alphabetical order – significantly biases participants'...
Persistent link: https://www.econbiz.de/10012907085
Persistent link: https://www.econbiz.de/10012008693
The market is comprised of investors with a broad range of expertise. As a result, investors may make decisions differently from one another. Research reveals that investors use name-based heuristics, or short-cuts, including alphabetical ordering (Itzkowitz, Itzkowitz, and Rothbort 2015), name...
Persistent link: https://www.econbiz.de/10013019218