"Hedge fund managers are compensated via management fees on the assets under management (AUM) and incentive fees … only paid via management fees, the manager optimally chooses time-invariant leverage to balance the size of allocation to … via both management and incentive fees, we show that (i) the high-powered incentive fees encourage excessive risk taking …

whether planning and information costs might affect retirement saving patterns. This paper reports on a purpose-built survey … module on planning and financial literacy for the Health and Retirement Study which measures how people make financial plans … more likely to plan and to succeed in their planning, and they rely on formal methods such as retirement calculators …