Relativistic financial decisions: Context effects on retirement saving and investment risk preferences

We report a study of the effects the choice set on financial decision making related to retirement savings and risky investment. The participants were presented with either a full range of choice options or a limited subset of the feasible options. The choices of saving and risk are affected by the...

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Bibliographic Details
Main Authors: Ivo Vlaev, Nick Chater, Neil Stewart
Format: Article
Language:English
Published: Cambridge University Press 2007-10-01
Series:Judgment and Decision Making
Subjects:
Online Access:https://www.cambridge.org/core/product/identifier/S1930297500000619/type/journal_article