Word: laibson
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Harvard Professor of Economics David I. Laibson ’88, who has done extensive research on the effects of default options on human behavior, said that recent studies of 401(k) retirement plans have found that about 90 percent of employees invest money in the plan when it is the default option, while only 30 percent enroll when it requires an active choice...
...Laibson said he could not comment on whether or not Harvard had offered any added bonuses to the tenure offer in order to seal the deal with Mullainathan...
...Those details are known only to Sendhil and the powers that be,” Laibson said...
...Laibson wrote in an e-mail yesterday that above all he is simply happy to have Mullainathan moving down the river...
...absolutely thrilled that Sendhil has chosen to join us,” Laibson wrote...