Optimal defaults

American Economic Review

Volumn 93, Issue 2, 2003, Pages 180-185

  Choi, James J ^a   Laibson, David ^a,b   Madrian, Brigitte C ^b,c   Metrick, Andrew ^b,d  

^a HARVARD UNIVERSITY   (United States)

^b NBER ^*

^c UNIVERSITY OF CHICAGO   (United States)

^d UNIVERSITY OF PENNSYLVANIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 2942709807     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/000282803321947010     Document Type: Conference Paper

References (12)

1. Akerlof, George A. "Procrastination and Obedience." American Economic Review, May 1991 (Papers and Proceedings), 81(2), pp. 1-19.
2. Choi, James J.; Laibson, David; Madrian, Brigitte C. and Metrick, Andrew. "Defined Contribution Pensions: Plan Rules, Participant Decisions, and the Path of Least Resistance," in James M. Poterba, ed., Tax policy and the economy. Vol. 16. Cambridge, MA: MIT Press, 2002, pp. 67-113.
3. _. "Benign Paternalism and Active Decision: A Natural Experiment in Saving." Mimeo, Harvard University, 2003a.
4. _. "For Better or For Worse: Default Effects and 401 (k) Savings Behavior," in David Wise, ed., Perspectives in the economics of aging. Chicago: University of Chicago Press, 2003b (forthcoming).
5. _. "Passive Decisions and Potent Defaults." Mimeo, Harvard University, 2003c.
6. Kahneman, Daniel and Tversky, Amos. "Prospect Theory: An Analysis of Decision under Risk." Econometrica, March 1979, 47(2), pp. 263-92.
7. Laibson, David. "Golden Eggs and Hyperbolic Discounting." Quarterly Journal of Economics, May 1997, 112(2), pp. 443-77.
8. Laibson, David; Repetto, Andrea and Tobacman, Jeremy. "Instant Gratification Over the Lifecycle." Mimeo, Harvard University, 2002.
9. Madrian, Brigitte C. and Shea, Dennis. "The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior." Quarterly Journal of Economics, November 2001, 116(4), pp. 1149-87.
10. O'Donoghue, Ted and Rabin, Matthew. "Doing It Now or Later." American Economic Review, March 1999, 89(1), pp. 103-24.
11. Samuelson, William and Zeckhauser, Richard. "Status Quo Bias in Decision Making." Journal of Risk and Uncertainty, March 1988, 1(1), pp. 7-59.
12. Thaler, Richard H. "Toward a Positive Theory of Consumer Choice." Journal of Economic Behavior and Organization, March 1980, 1(1), pp. 39-60.