Our good friend Dan Ariely, renowned behavioral economics researcher, is back with a new experiment that he’s asking all of us to help with.
Many of you may recall the survey he posted on ChrisMartenson.com back in January. The results were incorporated into a larger Harvard/Duke study exploring Americans’ perceptions of wealth distribution. An important subject, as the wealth gap between rich and poor in many developed countries is now reaching all-time highs.
Now he’s tackling people’s thinking around retirement planning, another very timely topic given the large numbers of baby boomers with insufficient savings combined with today’s saver-unfriendly interest and inflation rates.
If you have 5 minutes and the interest, please fill out Dan’s survey.
Here’s a bit more background in Dan’s own words:
One of the biggest decisions we must all make is which long-term retirement security plan to invest in. In order to make an informed decision, it is important to explore in detail how these plans work, what their payouts are, and what the costs are associated with them. We have been exploring a few long-term retirement security plans ourselves and have created a survey both explaining the plans as well as getting your opinions on them. Please take a moment to consider these plans.
Thanks again to Dan and his team for valuing our opinion enough to extend this second opportunity to us. We’ll publish the results here once they’re available.
If you haven’t done so already, listen to our interview with Dan from early this year on his work and how its findings help us better understand the human factor in economic decision-making.
Don’t forget to take the survey! And if you’re comfortable, recruit your friends and colleagues – Dan is hoping for several hundred entries. Let’s see how close we can get.
Dan is the James B. Duke Professor of Psychology & Behavioral Economics at Duke University, where he holds appointments at the Fuqua School of Business, the Center for Cognitive Neuroscience, the School of Medicine, and the Department of Economics. He is also a founding member of the Center for Advanced Hindsight.
Using simple experiments, Dan studies how people actually act in the marketplace, as opposed to how they should or would perform if they were completely rational. His interests span a wide range of daily behaviors and his experiments are consistently interesting, amusing, and informative, demonstrating profound ideas that fly in the face of common wisdom.
He is the author of the New York Times Bestseller Predictably Irrational: The Hidden Forces that Shape Our Decisions and The Upside of Irrationality: The Unexpected Ways We Defy Logic at Work and at Home. His research has been published in leading psychology, economics, and business journals, and is featured occasionally in the popular press.