Psychological Impediments to Retirement Planning. Elke U. Weber Center for the Decision Sciences Columbia University Dartmouth College Financial Education Workshop October 2005. Retirement Planning and Investing as Risk Management.
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Elke U. Weber
Center for the Decision Sciences Columbia University
Dartmouth College Financial Education Workshop
Stocks old-age financial security?
The $1,776,000,000,000 question
Framework for experiencing risk-return tradeoffs old-age financial security?
Income levels (% of pre-retirement income)
100 moveable people, one
of which represents the user
representation of probability)
Typical level of
(Perceived loss point)