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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 Risk in Investing

The key difference between risk and regret is that risk is pretty consistent across all investors. That is very investor specific in terms of like what they'd have regret for, how much it bothers them,. What is driving that regret in investing? This is going to shock your listeners, but people aren't utility maximizing robots at all time periods or times. And so trying to do things to keep them engaged over longer time for acknowledging regret could actually help them create more wealth over the long term.

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