Ever wondered why many restaurants feature lobster or other expensive dishes at the top of their menus? Well one thing is for sure, it’s not a coincidence and the main function of the lobster is not for you to order it but to make other dishes look less expensive. Let me explain. Anchoring is oneContinue reading “The dangers of anchoring in retirement saving”
Tag Archives: pension saving
Behavioral lessons for the second pension pillar in Slovenia
Existing from 2001, the second pension pillar in Slovenia is represented by private defined contribution retirement plans managed by specialised pension funds and insurance companies. The number of members has been steadily growing and at the end of last year reached 560.722 members, which is the highest number ever. This means the coverage rate isContinue reading “Behavioral lessons for the second pension pillar in Slovenia”
COVID-19 lessons for retirement saving
The reasons why most people, from the average Joe, to experts and politicians, initially did not take the coronavirus COVID-19 seriously are largely the same, as the reasons why most still do not take climate change seriously, exercise regularly or save for retirement. We can look for the culprits in an intertwined web of behavioralContinue reading “COVID-19 lessons for retirement saving”
Irrational Retirement 