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David Blanchett: Regret Optimized Portfolios, and Optimal Retirement Income (EP.254)

The Rational Reminder Podcast

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The Role of Defaults in Legitimate Decision Making

The more holdings people have in their portfolio, the less likely they are to make a change when things go wrong. When someone is defaulted, so defaulting is by definition passive choice, you're not actively engaging. So it's the unique role that defaults have on legitimate decision making. The next step is when we move beyond six to eight, 10 and 12, how at some point things could drop off or change.

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