; Defined Contribution Retirement Plan and Psychological Biases
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Defined Contribution Retirement Plan and Psychological Biases

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There are immerging researches that suggest psychological biases hinder investors to make rational decisions. This paper surveys how those biases affect investment decisions on employees' defined contribution retirement plans. By understanding psychological biases, employers could design retirement plans that help employees to improve their decisions and get closer to the rational and optimal choices. [PUBLICATION ABSTRACT]

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