Latest / Behavioral Economics with Fexingo: Decision Making, Bias, and How People Really Spend
The Paradox of Choice in Financial Decisions
In this episode of Behavioral Economics with Fexingo, we explore why having more options often leads to worse financial outcomes. Lucas and Luna dive into the specific case of retirement plan enrollment rates at large US corporations, where adding hundreds of fund choices actually decreased participation. They examine Barry Schwartz’s concept of decision fatigue and how it impacts everyday spending, from choosing a mortgage to selecting investment portfolios. The hosts discuss practical strategies for simplifying your financial life, including automatic defaults and reducing choice…
The skinny
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