Decision Support for Retirement Portfolio Management: Overcoming Myopic Loss Aversion via Technology Design

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Clayton Arlen Looney; Andrew M. Hardin;
  • Journal: Management Science, volume 55, issue 10 October, pages 1,688-1,703
  • Identifiers: doi: 10.1287/mnsc.1090.1052
  • Subject: decision support systems, decisional guidance, equity premium puzzle, field experiment, human-computer interaction, information horizon, myopic loss aversion, retirement planning, system restrictiveness

As firms continue to abandon pensions in favor of employee-managed retirement plans, tremendous demands are being placed on the decision-making proficiency of future retirees. As reflected in the equity premium puzzle, individual investors tend to hold overly conservati... View more
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