
Stratechery by Ben Thompson
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New Defaults
One of the most well-known papers in behavioral economics is The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior by Brigitte C. Madrian and Dennis F. Shea. From the introduction: In this paper we analyze the 401(k) savings behavior of employees in a large U. S. corporation before and after an interesting change in the company 401(k) plan. Before the plan change, employee