Research by behavioral scientists, including Richard Thaler, demonstrated that individuals are less likely to participate in programs like 401(k) savings plans if they are required to take affirmative action to enroll.

Authors

• Person: Bill Rainaldi Organization: Security Mutual
  Behavioral Economics, and How it Affects Your Financial Decisions ...

Sources

• Behavioral Economics, and How it Affects Your Financial Decisions ... smlny.com Bill Rainaldi · Security Mutual via serper

Referenced by nodes (2)

• Richard H. Thaler entity
• 401(k) plans concept