Can the Science of ‘Behavioral Finance’ Help Social Security?



Behavioral finance reveals that we humans tend to make emotional decisions about money. Many people, mistakenly, take Social Security as soon as they can. Ric Edelman and Brigitte Madrian discuss how policymakers can help. Ms. Madrian is the professor of public policy and corporate management at Harvard University and a retirement commissioner of the Bipartisan Policy Center in DC.