Split decisions
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<abstract displayLabel="Summary">How do you make decisions? Burgeoning psychological research has revealed the numerous fallacies and biases that bedevil human decision-making, and shows that experts are not immune. Nevertheless, behavioural research into pension trustees' decision-making is rather scant, and in 2018 a research team was commissioned by the IFoA's Actuarial Research Centre to examine the topic. We used two empirical methodologies: first, market research firm Ipsos MORI carried out qualitative ethnographic studies to examine trustees' customs and practices and their approach to undertaking their duties; second, behavioural experiments were conducted to understand the judgment strategies used by trustees, and the cognitive biases they may be prone to.</abstract>
<note type="statement of responsibility">Peter Ayton</note>
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<topic>Toma de decisiones</topic>
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<topic>Pensiones</topic>
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<topic>Investigación de mercados</topic>
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<topic>Análisis de datos</topic>
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<topic>Estrategias</topic>
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<title>The Actuary : the magazine of the Institute & Faculty of Actuaries</title>
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<publisher>London : Redactive Publishing, 2019-</publisher>
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<text>01/02/2021 Número 1 - febrero 2021 , p. 30-31</text>
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