Practical analysis for investment professionals
nudges
Weekend Reads for Advisers: Our Brains, Psychopaths, and (Failed) Resolutions
Back in my fomer life, I was a reporter and editor at the Financial Times, where, for a time, I edited James Altucher’s regular FT column. His musings were often irreverent and amusing and, needless to say, attracted a… READ MORE ›
Nudge or Shove? The Many Shades of Financial Paternalism
In economic and financial matters, paternalism — protecting an individual from himself or herself — comes in many guises with one common theme: the maximization of welfare. Yet it raises a question with no easy answers: When exactly should individuals or investors be protected from making their own bad choices?