Risk Management For the Future: Age, Risk, and Choice Architecture

On Amir, University of California San Diego, USA
Orly Lobel, University of San Diego, USA
This paper examines how aging interacts with the decision-making environment concerning savings, retirement and well-being. Across multiple experiments, older participants opt for more prudent financial and retirement choices only when cognitive resources are available, and sometimes a reversal of this pattern if they are not available.
[ to cite ]:
On Amir and Orly Lobel (2015) ,"Risk Management For the Future: Age, Risk, and Choice Architecture", in NA - Advances in Consumer Research Volume 43, eds. Kristin Diehl and Carolyn Yoon, Duluth, MN : Association for Consumer Research, Pages: 90-94.