When Harm Helps: Building Choice Architecture for Investors
How can we design a system for investors that allows for potentially harmful behavior but minimizes the harm such behavior causes?
Daniel Egan is the director of behavioral finance and investing at Betterment, where he integrates behavioral finance and passive investment management to help customers achieve their goals. For the six years prior to joining Betterment, he was a behavioral finance specialist at Barclays Wealth and Investment Management for the Americas. Dan earned an M.Sc. in decision science from the London School of Economics.
How can we design a system for investors that allows for potentially harmful behavior but minimizes the harm such behavior causes?