Introduction (00:02:06)
Title Slide (00:00:36)
Today's Reality of Choosing (00:00:46)
Benefits of Choice (00:07:30)
Constraints of Choice (00:05:46)
Draeger's Grocery Store (00:00:40)
314 Jams (00:00:12)
Limited Jam Selection (00:00:34)
Extensive Jam Selection (00:00:10)
More Choices Are Appealing (00:00:25)
More Choices Demotivates Choosing (00:00:48)
6 Godiva Chocolates (00:01:14)
30 Godiva Chocolates (00:00:44)
The Discord of More Choice (00:00:48)
More Choices Reduces Satisfaction (00:00:50)
More Choices Demotivates Choosing (00:01:19)
Consequential Decisions: Retirement Savings (00:05:14)
Vanguard Data (00:01:49)
Vanguard Data (2) (00:01:24)
Variables (00:00:19)
Control Variables (00:01:15)
Determinants of Contribution (00:00:45)
More Choices Demotivates Participation (00:02:02)
What of Those Who Choose to Choose? (00:03:40)
Preference for Risky Gambles (00:01:03)
Risk Preferences (00:01:17)
More Choices Motivates Risk Aversion (00:01:36)
Risk Aversion Among 401(k) Choosers (00:01:42)
+10 Funds = + Money Market (00:01:00)
+10 Funds = + Money Market & Bond (00:00:34)
+10 Funds = - Equity (00:00:46)
Restricting Choice Sets (00:03:53)
More Choices Demotivates Participation (00:06:40)
Does more choice help us find what we know we want? (00:02:48)
Why Speed Dating? (00:02:49)
Predictions (00:00:09)
Basics (00:00:09)
Pre-event Survey (00:00:09)
States Preferences (00:00:51)
Attribute Selection (00:00:10)
Event Layout (00:00:06)
Event Picture (00:00:11)
Event Survey (00:00:35)
Shift in Stated Preferences (00:00:36)
Revealed Preferences (00:00:45)
Extensive Choosers Preference Match Less (00:02:08)
Stated Prefs. By Gender (00:00:21)
Revealed Prefs. By Gender (00:00:10)
Who's More Congruent? (00:00:44)
Wanting Choices vs. Enjoying Chosen Outcomes (00:02:33)
Maximizers Voluntarility Expand their choice sets (00:00:15)
Maximizers Gather More Information (00:00:33)
Maximizers Fixate on Choice (00:00:39)
Objective Worth vs. Subjective Value (00:01:54)
The Dilemma of Choice (00:02:33)
Presentation of Tile (00:00:29)