Books
Save More Tomorrow
We have today a 401(k) retirement system that encourages colossal mistakes. These mistakes will surely be felt by Americans after they retire. Save More Tomorrow gives us a strong sense of reality about how people make errors with their retirement saving, and has truly creative plans to fix the problem. This is a trillion-dollar book in terms of the social value it offers.
Nobel Laureate Robert Shiller,
Professor of Economics at Yale University
This book provides all the secrets to making a retirement plan work. A must read for anyone responsible for corporate retirement plans, large or small.
Nobel Laureate Richard H. Thaler,
Professor of Economics at the University of Chicago
More than half of Americans do not have access to a retirement savings plan at their workplace. Of those who do about a third fail to join. And those who do join tend to save too little and often make unwise investment decisions. It’s clear that workers need help saving for a secure financial future.
Save More Tomorrow provides that help by focusing on the behavioral challenges that led to this crisis—inertia, limited self-control, loss aversion, and myopia—and transforms them into behavioral solutions. These solutions, or tools, are based on cutting edge behavioral finance research, and they have been shown to dramatically improve outcomes. Save More Tomorrow is the first comprehensive application of behavioral finance to improve retirement outcomes. It also makes it easy for plan sponsors and their advisers to apply these behavioral tools using its innovative Behavioral Audit process.
Thinking Smarter
Benartzi provides a powerful, innovative framework for thinking more deeply, broadly, and clearly about retirement and about many of the most consequential decisions affecting the rest of your life. Entertaining, full of lively examples, valuable insights, and practical advice, this small book can make a big difference.Mark Iwry,
from Deputy Assistant Secretary, United States Treasury Department
Too often, ‘retirement planning’ is limited to financial issues, leaving many vital factors unaddressed. In this highly original and practical book, Benartzi helps people prioritize their goals for their later years, and shows them how to really think creatively about their future.Nobel Laureate Richard H. Thaler,
Professor of Economics at the University of Chicago
Although we’ve been blessed with a very powerful thinking machine, there’s good evidence that we don’t like to think. In fact, one study shows that many people prefer receiving electric shocks to thinking and reflecting. Other studies show that even when we do think, we tend to think in too narrow and shallow a fashion. With these shortcomings, how can we be smarter when thinking about life situations like retirement?
To help us, Thinking Smarter introduces the notion of thinking architecture and thinking tools. It also introduces an entirely novel thinking tool: a unique seven-step system called the Goal Planning System (GPS). When applied to retirement planning, this system helps readers identify what they value most, what they want to achieve in retirement, and ultimately, who they really are. By going through GPS, readers will then have a solid foundation upon which to build a tailored action plan that can help them attain their goals.
The Smarter Screen
This book is a real eye-opener. It describes how we really function in a screen-based society, and how the digital world is changing our thinking about ourselves and others.Nobel Laureate Robert Shiller,
Professor of Economics at Yale University
We know that the way we organize a buffet influences the choices people make. What is much less clear is the way online environments influence our decisions. In this useful book, Benartzi and Lehrer give us precise insights about the relationship between what we see on the screen, what we think, and what we choose.Dan Ariely,
Professor of Psychology at Duke University
Most people now spend the majority of their waking hours staring at screens. Unfortunately, few of us are aware of the visual biases and behavioral patterns that influence our thinking when we’re on these computers and gadgets. The sheer volume of information and choices available online, combined with the ease of tapping "buy," often make for poor choices in the online world.
The Smarter Screen reveals a tool kit of interventions for the digital age. The book demonstrates how even small changes to the screen—such as moving a button, or changing a font—can have a big impact on the financial decisions of consumers. By giving us a behavioral roadmap for the design of websites and apps, The Smarter Screen shows us how we can create a digital world that helps us think better, not worse.