Nudges in Finance
2 empirical behavioral interventions in the finance sector, each with measured before-and-after results — averaging a +41.5 percentage-point change.
Overcoming Saving Inertia with Future Commitments
Implemented the 'Save More Tomorrow' (SLaT) protocol: employees commit to allocating a portion of their *future* salary raises to their retirement fund, bypassing current pocket pain.
Average Retirement Saving Rate: 3.5% → 13.6% (+10.1 pts) · n = 3 companies, 1,200 employees
Mitigating Algorithm Aversion Through Output Control
Allowed forecasters to slightly edit the algorithm's predictions (up to +/- 10% or +/- 5%) before submission, rather than forcing them to accept the algorithm's recommendation as-is.
Adoption Rate of the Algorithmic Forecast: 15% → 88% (+73.0 pts) · n = 3 experimental studies, 1,200 trials