Do you look forward to retirement? Motivational biases in pension decisions
This research examines the relationship between positive and negative perceptions of pensions and motivation to engage in the decision process of choosing a private pension plan, as well as satisfaction from the chosen pension plan, among trained economists. A sample of 134 economists completed a se...
Main Authors: | , |
---|---|
Format: | Article |
Language: | English |
Published: |
Society for Judgment and Decision Making
2012-05-01
|
Series: | Judgment and Decision Making |
Subjects: | |
Online Access: | http://journal.sjdm.org/12/12215a/jdm12215a.pdf |
id |
doaj-2899b561dcc04d3caa4094c1f5ace39a |
---|---|
record_format |
Article |
spelling |
doaj-2899b561dcc04d3caa4094c1f5ace39a2021-05-02T03:22:38ZengSociety for Judgment and Decision MakingJudgment and Decision Making1930-29752012-05-0173282291Do you look forward to retirement? Motivational biases in pension decisionsTehila KogutMomi DahanThis research examines the relationship between positive and negative perceptions of pensions and motivation to engage in the decision process of choosing a private pension plan, as well as satisfaction from the chosen pension plan, among trained economists. A sample of 134 economists completed a self-report survey examining the decision process of different decision contexts in life, including pension decisions. Overall, participants showed low motivation to engage in the process of choosing a private pension plan, compared to their motivation to engage in other decision tasks. However, economists invested more in the decision process and showed greater satisfaction from their decision regarding their pension plan when they had a more positive perception of pensions. This perception is represented by higher subjective likelihood of receiving pension allowances for a long period, and by a profitable view of the balance between current payments and expected incomes from pension saving. Key words: Pension decisions, subjective perceptions, motivational biases.http://journal.sjdm.org/12/12215a/jdm12215a.pdfThis research examines the relationship between positive and negativeperceptions of pensions and motivation to engage in the decisionprocess of choosing a private pension planas well as satisfactionfrom the chosen pension planamong trained economists. A sample of134 economists completed a self-report survey examining the decisionprocess of different decision contexts in lifeincluding pensiondecisions. Overallparticipants showed low motivation to engage inthe process of choosing a private pension plancompared to theirmotivation to engage in other decision tasks. Howevereconomistsinvested more in the decision process and showed greater satisfactionfrom their decision regarding their pension plan when they had a morepositive perception of pensions. This perception is represented byhigher subjective likelihood of receiving pension allowances for along periodand by a profitable view of the balance between currentpayments and expected incomes from pension saving.Key words |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Tehila Kogut Momi Dahan |
spellingShingle |
Tehila Kogut Momi Dahan Do you look forward to retirement? Motivational biases in pension decisions Judgment and Decision Making This research examines the relationship between positive and negativeperceptions of pensions and motivation to engage in the decisionprocess of choosing a private pension plan as well as satisfactionfrom the chosen pension plan among trained economists. A sample of134 economists completed a self-report survey examining the decisionprocess of different decision contexts in life including pensiondecisions. Overall participants showed low motivation to engage inthe process of choosing a private pension plan compared to theirmotivation to engage in other decision tasks. However economistsinvested more in the decision process and showed greater satisfactionfrom their decision regarding their pension plan when they had a morepositive perception of pensions. This perception is represented byhigher subjective likelihood of receiving pension allowances for along period and by a profitable view of the balance between currentpayments and expected incomes from pension saving.Key words |
author_facet |
Tehila Kogut Momi Dahan |
author_sort |
Tehila Kogut |
title |
Do you look forward to retirement? Motivational biases in pension decisions |
title_short |
Do you look forward to retirement? Motivational biases in pension decisions |
title_full |
Do you look forward to retirement? Motivational biases in pension decisions |
title_fullStr |
Do you look forward to retirement? Motivational biases in pension decisions |
title_full_unstemmed |
Do you look forward to retirement? Motivational biases in pension decisions |
title_sort |
do you look forward to retirement? motivational biases in pension decisions |
publisher |
Society for Judgment and Decision Making |
series |
Judgment and Decision Making |
issn |
1930-2975 |
publishDate |
2012-05-01 |
description |
This research examines the relationship between positive and negative perceptions of pensions and motivation to engage in the decision process of choosing a private pension plan, as well as satisfaction from the chosen pension plan, among trained economists. A sample of 134 economists completed a self-report survey examining the decision process of different decision contexts in life, including pension decisions. Overall, participants showed low motivation to engage in the process of choosing a private pension plan, compared to their motivation to engage in other decision tasks. However, economists invested more in the decision process and showed greater satisfaction from their decision regarding their pension plan when they had a more positive perception of pensions. This perception is represented by higher subjective likelihood of receiving pension allowances for a long period, and by a profitable view of the balance between current payments and expected incomes from pension saving. Key words: Pension decisions, subjective perceptions, motivational biases. |
topic |
This research examines the relationship between positive and negativeperceptions of pensions and motivation to engage in the decisionprocess of choosing a private pension plan as well as satisfactionfrom the chosen pension plan among trained economists. A sample of134 economists completed a self-report survey examining the decisionprocess of different decision contexts in life including pensiondecisions. Overall participants showed low motivation to engage inthe process of choosing a private pension plan compared to theirmotivation to engage in other decision tasks. However economistsinvested more in the decision process and showed greater satisfactionfrom their decision regarding their pension plan when they had a morepositive perception of pensions. This perception is represented byhigher subjective likelihood of receiving pension allowances for along period and by a profitable view of the balance between currentpayments and expected incomes from pension saving.Key words |
url |
http://journal.sjdm.org/12/12215a/jdm12215a.pdf |
work_keys_str_mv |
AT tehilakogut doyoulookforwardtoretirementmotivationalbiasesinpensiondecisions AT momidahan doyoulookforwardtoretirementmotivationalbiasesinpensiondecisions |
_version_ |
1721495692461998080 |