The theory of behavioral economics examines the behavior of individuals in markets in order to examine, explain and predict individual behavior. The psychology of behavior has evolved in order to explain the impact of emotions and most common cognitive errors in the decision-making process of...

Demographic pressures urge authorities to find solutions for their public pension systems. Supplementary (capital market based) pension schemes have become a prerequisite mechanism for avoiding poverty of nations. In this contribution we stress the need for the Slovenian government to reform the...