%0 Journal Article
%T Do you look forward to retirement? Motivational biases in pension decisions
%A Tehila Kogut
%A Momi Dahan
%J Judgment and Decision Making
%D 2012
%I Society for Judgment and Decision Making
%X 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.
%K This research examines the relationship between positive and negativeperceptions of pensions and motivation to engage in the decisionprocess of choosing a private pension plan
%K as well as satisfactionfrom the chosen pension plan
%K among trained economists. A sample of134 economists completed a self-report survey examining the decisionprocess of different decision contexts in life
%K including pensiondecisions. Overall
%K participants showed low motivation to engage inthe process of choosing a private pension
%U http://journal.sjdm.org/12/12215a/jdm12215a.pdf