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Helping Participants See the Big Picture and Act on It | This paper outlines a new approach, informed by behavioral economics, that minimizes the problem of narrow framing. For instance, it explains how workers can be nudged to save for emergencies, thus helping them avoid cashing out their retirement savings during a financial shock. It also outlines sample interventions that can be used to help people reduce health care costs.

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  • 158.51 KB File Size
  • February 1, 2022 Create Date
  • February 1, 2022 Last Updated
Voya - Financial Wellness Meets Behavioral Economics