Re: The Indeterminacy of Individual Economic Actions

2000-07-27 Thread Robin Hanson
Brian Doss wrote: > > My intuition agrees with you, at least given a five year time-scale. > > That is, if the default was to stay in SS, and people had to send in > > some form to opt out, then within a few years most people would, even > > though they won't do a similar think regarding their

Re: The Indeterminacy of Individual Economic Actions

2000-07-27 Thread Brian Doss
> > My intuition agrees with you, at least given a five year time-scale. > That is, if the default was to stay in SS, and people had to send in > some form to opt out, then within a few years most people would, even > though they won't do a similar think regarding their companies plan. > T

Re: The Indeterminacy of Individual Economic Actions

2000-07-26 Thread Fred Foldvary
> What does this say about the economists model of human behavior? > -- Bill Dickens > "The Power of Suggestion: Inertia in 401(k) Participation and > Savings Behavior" > findings. First, 401(k) participation is significantly higher > under automatic enrollment. Second, the default contribution >

Re: The Indeterminacy of Individual Economic Actions

2000-07-25 Thread Brian Moore
ect: Re: The Indeterminacy of Individual Economic Actions >Bryan Caplan wrote: >> > It also suggests that most people might stay with social security >> > if it were made voluntary - at least for a while. >> >>This is a really neat point, especially because I'

Re: The Indeterminacy of Individual Economic Actions

2000-07-25 Thread Robin Hanson
Bryan Caplan wrote: > > It also suggests that most people might stay with social security > > if it were made voluntary - at least for a while. > >This is a really neat point, especially because I'm pretty sure it's >wrong. I can't imagine many people who are already comfortable with >personal in

Re: The Indeterminacy of Individual Economic Actions

2000-07-25 Thread Brian Moore
000 10:05 AM Subject: Re: The Indeterminacy of Individual Economic Actions >Could workers be taking the "default" option as a kind of endorsement or >certification by their employer than this particular choice is a >generally wise one? > >E.g., if my home builder made ra

Re: The Indeterminacy of Individual Economic Actions

2000-07-25 Thread Bryan Caplan
Robin Hanson wrote: > It also suggests that most people might stay with social security > if it were made voluntary - at least for a while. This is a really neat point, especially because I'm pretty sure it's wrong. I can't imagine many people who are already comfortable with personal investing

Re: The Indeterminacy of Individual Economic Actions

2000-07-25 Thread Bryan Caplan
Could workers be taking the "default" option as a kind of endorsement or certification by their employer than this particular choice is a generally wise one? E.g., if my home builder made radon detectors a standard home feature (where I could request a downgrade), I would want one. But if ther

Re: The Indeterminacy of Individual Economic Actions

2000-07-25 Thread Robin Hanson
Bill Dickens wrote: >I have not read this paper, but I find the conclusions described in the >abstract completely plausible. What does this say about the economists >model of human behavior? > >"The Power of Suggestion: Inertia in 401(k) Participation and >Savings Behavior" ... >http://papers.ss

The Indeterminacy of Individual Economic Actions

2000-07-25 Thread William Dickens
I have not read this paper, but I find the conclusions described in the abstract completely plausible. What does this say about the economists model of human behavior? -- Bill Dickens "The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior" BY: BRIGITTE C. MADRIAN