In a recent survey, two-thirds of respondents indicated that they were not saving enough for retirement. What

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In a recent survey, two-thirds of respondents indicated that they were not saving enough for retirement. What behavioral bias can explain the willingness of individuals to knowingly underfund their future standard of living? Explain.

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Microeconomics

ISBN: 9781464146978

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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Question Posted: Jan 13, 2016 02:48 AM

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In a recent survey, two-thirds of respondents indicated that they were not saving enough for retirement. What

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This behavioral bias is known as the hyperbolic dis...View the full answer

Microeconomics

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