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Three Ways 401(k) Plan Sponsors Can Help Employees Make Better Investment Decisions
Fiduciary News; free registration required Link to more items from this source
[Opinion]
Sept. 20, 2011

"What"s the secret revealed in 'Risk Aversion or Myopia? Choices in Repeated Gambles and Retirement Investment'? If you read the paper, you'll find a long dissertation on a concept known as the 'fallacy of large numbers.' In disproving this concept, Benartzi/Thaler drive a stake into the heart of Modern Portfolio Theory"s very foundation."

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