We investigate risk presentations in retirement savings decisions using a discrete choice experiment where subjects … choose between a bank account, a growth account and a 50:50 account. Using nine standard formats for investment risk, we … analyze responses to risk per se and to format changes. Switching between formats changes individuals' investment decisions …

allocating retirement savings within a compulsory defined contribution retirement plan. The paper develops the implications and … retirement savings scheme. The experiment finds overall rates of violation of roughly 25%, and substantial variation in rates …, depending on the presentation of investment risk and the characteristics of the participants. Presentations based on frequency …

with risk measured by CVaR and additional sophisticated constraints. The cash outflow shortages are penalized in the … using two variations of the model. The parameters used in this case study correspond to a typical retirement situation. The …