More investment options cause harm: research shows the more options a plan offers, the longer people take to sign up (paralysis) and the more likely they are to put all their money into a money market account because they are flustered—so the private sector is now retrenching toward fewer options and better defaults.

causalpending

Speaker

Richard Thaler

Evidence Quote

the more options there are the longer it takes for people to get around to signing up because there's some paralysis

Source

Richard Thaler on Libertarian Paternalism 11/6/2006EconTalk
Created: 6/13/2026, 7:01:05 PM

My Notes

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