In a typical 401k plan, when you first become eligible you get a big pile of forms and you're told, fill out these forms if you want to join. Tell us how much amount you've saved and how you want to invest the money. In, under automatic enrollment you get that same pile of forms but the top page says, if you don't fill out these forms, we're going to enroll you anyway and we're going to enroll you at this saving rate and in these investments.

Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.

If people just put away what's left at the end of the month, that's a recipe for failure.

Most economists, including me, agree that longevity insurance would make sense for a lot of people.

So, what's a nudge? A nudge is some small feature of the environment that attracts our attention and alters our behavior.

People exaggerate their own skills. they are optimistic about their prospects and overconfident about their guesses, including which managers to pick.

I'm all for empowerment and education, but the empirical evidence is that it doesn't work. That's why I say make it easy.