Keyword: default position

Life by default (1/16/2006)

Present bias and inertia lead to low enrollment in 401(k) retirement plans even though employer matching of employee contribution is quite generous.

Keywords: 401(k) retirement plan, default position, enrollment, opt in, opt out, participation, present bias, rationality

Not Now, Later! (8/19/2009)

Self-control overcomes the present-bias effect and can be enhanced through learning or external cues. -

Keywords: 401(K), default position, delayed gratification, marshmallow, present-bias effect, self-control