James J. Choi

Yale School of Management

135 Prospect Street

P.O. Box 208200

New Haven, CT 06520-8200

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

36

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5,449

CITATIONS
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644

Scholarly Papers (36)

Does the Internet Increase Trading? Evidence from Investor Behavior in 401(k) Plans

Number of pages: 47 Posted: 20 Sep 2000
James J. Choi, David Laibson and Andrew Metrick
Yale School of Management, Harvard University - Department of Economics and Yale School of Management
Downloads 446 (49,957)
Citation 25

Abstract:

Does the Internet Increase Trading? Evidence from Investor Behavior in 401(K) Plans

NBER Working Paper No. w7878
Number of pages: 47 Posted: 01 Sep 2000
James J. Choi, David Laibson and Andrew Metrick
Yale School of Management, Harvard University - Department of Economics and Yale School of Management
Downloads 95 (225,658)
Citation 25

Abstract:

2.
Downloads 382 ( 60,925)
Citation 3

What Does Stock Ownership Breadth Measure?

Number of pages: 48 Posted: 18 Mar 2010 Last Revised: 04 Jul 2012
James J. Choi, Li Jin and Hongjun Yan
Yale School of Management, Harvard Business School - Finance Unit and Driehaus College of Business, DePaul University
Downloads 363 (64,118)
Citation 2

Abstract:

Ownership breadth, short-sales constraints, heterogeneous beliefs, China

What Does Stock Ownership Breadth Measure?

NBER Working Paper No. w16591
Number of pages: 49 Posted: 13 Dec 2010
James J. Choi, Li Jin and Hongjun Yan
Yale School of Management, Harvard Business School - Finance Unit and Driehaus College of Business, DePaul University
Downloads 19 (455,218)
Citation 3

Abstract:

3.

Reinforcement Learning and Savings Behavior

Yale ICF Working Paper No. 09-01, Journal of Finance, Forthcoming
Number of pages: 33 Posted: 16 Sep 2007
Yale School of Management, Harvard University - Department of Economics, Harvard University - Harvard Kennedy School (HKS) and Yale School of Management
Downloads 380 (55,485)
Citation 20

Abstract:

Why Does the Law of One Price Fail? An Experiment on Index Mutual Funds

Yale ICF Working Paper No. 08-14
Number of pages: 48 Posted: 25 Apr 2008
James J. Choi, David Laibson and Brigitte C. Madrian
Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 331 (71,582)
Citation 54

Abstract:

mutual funds, S&P, index funds, fund portfolios

Why Does the Law of One Price Fail? An Experiment on Index Mutual Funds

NBER Working Paper No. w12261
Number of pages: 47 Posted: 17 Jul 2006
James J. Choi, David Laibson and Brigitte C. Madrian
Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 46 (336,908)
Citation 54

Abstract:

5.
Downloads 282 ( 86,268)
Citation 16

How are Preferences Revealed?

Yale ICF Working Paper No. 08-15
Number of pages: 23 Posted: 25 Apr 2008
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 254 (96,061)
Citation 16

Abstract:

preferences, normative preferences, revealed preferences, consumer behavior

How are Preferences Revealed?

NBER Working Paper No. w13976
Number of pages: 22 Posted: 12 May 2008
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 28 (406,019)
Citation 16

Abstract:

The Flypaper Effect in Individual Investor Asset Allocation

Yale ICF Working Paper No. 08-06
Number of pages: 42 Posted: 25 Jan 2008
James J. Choi, David Laibson and Brigitte C. Madrian
Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 209 (117,320)
Citation 6

Abstract:

asset allocation, 401(k), employee contributions

Mental Accounting in Portfolio Choice: Evidence from a Flypaper Effect

NBER Working Paper No. w13656
Number of pages: 32 Posted: 30 Nov 2007
James J. Choi, David Laibson and Brigitte C. Madrian
Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 60 (299,315)
Citation 6

Abstract:

How Does Simplified Disclosure Affect Individuals' Mutual Fund Choices?

HKS Working Paper No. RWP09_16, Yale ICF Working Paper No. 09-05
Number of pages: 27 Posted: 08 May 2009 Last Revised: 24 Jun 2009
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 216 (113,510)
Citation 6

Abstract:

How Does Simplified Disclosure Affect Individuals' Mutual Fund Choices?

NBER Working Paper No. w14859
Number of pages: 27 Posted: 13 Apr 2009
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 42 (350,004)
Citation 6

Abstract:

8.
Downloads 242 (101,570)
Citation 1

Informed Trading and Expected Returns

Number of pages: 46 Posted: 17 Jan 2013 Last Revised: 25 Jan 2016
James J. Choi, Li Jin and Hongjun Yan
Yale School of Management, Peking University - Department of Finance and Driehaus College of Business, DePaul University
Downloads 230 (106,632)
Citation 1

Abstract:

Information asymmetry, Adverse selection, Cost of capital

Informed Trading and Expected Returns

NBER Working Paper No. w18680
Number of pages: 47 Posted: 05 Jan 2013
James J. Choi, Li Jin, Li Jin and Hongjun Yan
Yale School of Management, University of Oxford - Said Business School, Peking University - Department of Finance and Driehaus College of Business, DePaul University
Downloads 12 (495,255)
Citation 1

Abstract:

$100 Bills on the Sidewalk: Suboptimal Investment in 401(K) Plans

Yale ICF Working Paper No. 08-05
Number of pages: 44 Posted: 16 Jan 2008
James J. Choi, David Laibson and Brigitte C. Madrian
Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 196 (124,795)
Citation 42

Abstract:

suboptimal investment, 401(k) plans, household investment, arbitrage

$100 Bills on the Sidewalk: Suboptimal Investment in 401(K) Plans

NBER Working Paper No. w11554
Number of pages: 42 Posted: 27 Sep 2005
James J. Choi, David Laibson and Brigitte C. Madrian
Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 41 (353,543)
Citation 42

Abstract:

10.
Downloads 231 (106,601)
Citation 45

Plan Design and 401(K) Savings Outcomes

NBER Working Paper No. w10486
Number of pages: 38 Posted: 26 May 2004
James J. Choi, David Laibson and Brigitte C. Madrian
Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 128 (181,159)
Citation 45

Abstract:

Plan Design and 401(k) Savings Outcomes

Boettner Working Paper No. BWP2004-4
Number of pages: 47 Posted: 22 Jun 2004
James J. Choi, David Laibson and Brigitte C. Madrian
Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 103 (213,310)
Citation 45

Abstract:

11.
Downloads 221 (111,330)
Citation 27

Social Identity and Preferences

Yale ICF Working Paper No. 08-13
Number of pages: 41 Posted: 25 Apr 2008
Daniel J. Benjamin, James J. Choi and A. Strickland
USC, Center for Economic and Social Research (CESR), Yale School of Management and affiliation not provided to SSRN
Downloads 146 (162,767)
Citation 27

Abstract:

race, ethnicity, gender, identity, norm, stereotype, risk aversion, time preference

Social Identity and Preferences

NBER Working Paper No. w13309
Number of pages: 30 Posted: 10 Aug 2007
Daniel J. Benjamin, James J. Choi and A. Strickland
USC, Center for Economic and Social Research (CESR), Yale School of Management and affiliation not provided to SSRN
Downloads 75 (262,164)
Citation 27

Abstract:

12.
Downloads 214 (115,568)
Citation 11

Simplification and Saving

Yale ICF Working Paper No. 08-07
Number of pages: 23 Posted: 25 Jan 2008
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 188 (130,468)
Citation 11

Abstract:

retirement savings, asset allocation, 401(k)

Simplification and Saving

NBER Working Paper No. w12659
Number of pages: 35 Posted: 20 Nov 2006
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 26 (416,002)
Citation 11

Abstract:

13.
Downloads 176 (138,136)
Citation 23

Employees' Investment Decisions about Company Stock

Rodney L. White Center for Financial Research Working Paper No. 10-04
Number of pages: 30 Posted: 08 Jul 2004
Yale School of Management, Harvard University - Department of Economics, Harvard University - Harvard Kennedy School (HKS) and Yale School of Management
Downloads 129 (180,017)
Citation 23

Abstract:

Employees' Investment Decisions About Company Stock

NBER Working Paper No. w10228
Number of pages: 29 Posted: 23 Jan 2004
Yale School of Management, Harvard University - Department of Economics, Harvard University - Harvard Kennedy School (HKS) and Yale School of Management
Downloads 47 (333,819)
Citation 23

Abstract:

14.
Downloads 173 (140,258)
Citation 5

Consumption-Wealth Comovement of the Wrong Sign

Number of pages: 31 Posted: 16 Apr 2004
Yale School of Management, Harvard University - Department of Economics, Harvard University - Harvard Kennedy School (HKS) and Yale School of Management
Downloads 158 (152,052)
Citation 5

Abstract:

Savings, wealth shocks, retirement

Consumption-Wealth Comovement of the Wrong Sign

NBER Working Paper No. w10454
Number of pages: 31 Posted: 14 Aug 2012
Yale School of Management, Harvard University - Department of Economics, Harvard University - Harvard Kennedy School (HKS) and Yale School of Management
Downloads 15 (477,978)
Citation 5

Abstract:

15.

Defined Contribution Pensions: Plan Rules, Participant Decisions, and the Path of Least Resistance

NBER Working Paper No. w8655
Number of pages: 56 Posted: 15 Dec 2001
Yale School of Management, Harvard University - Department of Economics, Harvard University - Harvard Kennedy School (HKS) and Yale School of Management
Downloads 170 (136,715)
Citation 87

Abstract:

16.

For Better or for Worse: Default Effects and 401(K) Savings Behavior

NBER Working Paper No. w8651
Number of pages: 49 Posted: 14 Dec 2001
Yale School of Management, Harvard University - Department of Economics, Harvard University - Harvard Kennedy School (HKS) and Yale School of Management
Downloads 116 (186,207)
Citation 95

Abstract:

17.

Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(K) Introductions

NBER Working Paper No. w20738
Number of pages: 44 Posted: 15 Dec 2014
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 109 (189,740)

Abstract:

Behavioral Economics Perspectives on Public Sector Pension Plans

HKS Working Paper No. RWP11-013
Number of pages: 47 Posted: 15 Mar 2011
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 75 (262,164)
Citation 1

Abstract:

Behavioral Economics Perspectives on Public Sector Pension Plans

NBER Working Paper No. w16728
Number of pages: 46 Posted: 31 Jan 2011
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 28 (406,019)
Citation 1

Abstract:

19.

The Importance of Default Options for Retirement Savings Outcomes: Evidence from the United States

NBER Working Paper No. w12009
Number of pages: 39 Posted: 22 Apr 2006
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 84 (233,882)
Citation 46

Abstract:

20.

Optimal Defaults and Active Decisions

NBER Working Paper No. w11074
Number of pages: 59 Posted: 18 Feb 2005
Massachusetts Institute of Technology (MIT), Yale School of Management, Harvard University - Department of Economics, Harvard University - Harvard Kennedy School (HKS) and Yale School of Management
Downloads 75 (235,539)
Citation 62

Abstract:

The Effect of Providing Peer Information on Retirement Savings Decisions

Journal of Finance, Forthcoming
Number of pages: 54 Posted: 30 Aug 2014
Harvard Business School, Yale School of Management, Harvard University - Department of Economics, Harvard University - Harvard Kennedy School (HKS) and University of Pennsylvania - The Wharton School
Downloads 48 (330,766)
Citation 7

Abstract:

The Effect of Providing Peer Information on Retirement Savings Decisions

NBER Working Paper No. w17345
Number of pages: 56 Posted: 29 Aug 2011
Harvard Business School, Yale School of Management, Harvard University - Department of Economics, Harvard University - Harvard Kennedy School (HKS) and University of Pennsylvania - The Wharton School
Downloads 26 (416,002)
Citation 7

Abstract:

Contributions to Defined Contribution Pension Plans

NBER Working Paper No. w21467
Number of pages: 31 Posted: 18 Aug 2015
James J. Choi
Yale School of Management
Downloads 73 (266,440)

Abstract:

Contributions to Defined Contribution Pension Plans

Annual Review of Financial Economics, Vol. 7, pp. 161-178, 2015
Posted: 11 Dec 2015
James J. Choi
Yale School of Management

Abstract:

Liquidity in Retirement Savings Systems: An International Comparison

NBER Working Paper No. w21168
Number of pages: 13 Posted: 18 May 2015
Harvard Business School, Yale School of Management, Boston College - Center for Retirement Research, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 40 (357,014)

Abstract:

Liquidity in Retirement Savings Systems: An International Comparison

HKS Working Paper No. RWP15-024
Number of pages: 13 Posted: 03 Jun 2015
Harvard Business School, Yale School of Management, Boston College - Center for Retirement Research, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 25 (421,356)

Abstract:

Retirement, liquidity, savings, finance

Following Through on Good Intentions: The Power of Planning Prompts

HKS Working Paper No. 12-024
Number of pages: 24 Posted: 30 Mar 2012 Last Revised: 19 Jun 2012
University of Pennsylvania - The Wharton School, Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 49 (327,596)

Abstract:

behavioral economics, implementation intentions, health, colonoscopy, planning

Following Through on Good Intentions: The Power of Planning Prompts

NBER Working Paper No. w17995
Number of pages: 23 Posted: 14 Apr 2012
University of Pennsylvania - The Wharton School, Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 6 (527,528)

Abstract:

25.

Passive Decisions and Potent Defaults

NBER Working Paper No. w9917
Number of pages: 26 Posted: 29 Aug 2003
Yale School of Management, Harvard University - Department of Economics, Harvard University - Harvard Kennedy School (HKS) and Yale School of Management
Downloads 52 (313,751)
Citation 16

Abstract:

26.

The Impact of Employer Matching on Savings Plan Participation Under Automatic Enrollment

NBER Working Paper No. w13352
Number of pages: 24 Posted: 27 Aug 2007
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 48 (325,223)
Citation 4

Abstract:

27.

Religious Identity and Economic Behavior

NBER Working Paper No. w15925
Number of pages: 33 Posted: 26 Apr 2010
Daniel J. Benjamin, James J. Choi and Geoffrey Fisher
USC, Center for Economic and Social Research (CESR), Yale School of Management and California Institute of Technology
Downloads 44 (313,751)
Citation 12

Abstract:

The Availability and Utilization of 401(K) Loans

HKS Working Paper No. RWP11-023
Number of pages: 36 Posted: 14 Jun 2011
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 25 (421,356)

Abstract:

retirement economics, 401(k) loans, employment benefits

The Availability and Utilization of 401(K) Loans

NBER Working Paper No. w17118
Number of pages: 36 Posted: 12 Jun 2011
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 15 (477,978)

Abstract:

29.
Downloads 36 (363,741)

Small Cues Change Savings Choices

Number of pages: 52 Posted: 19 Mar 2012
Yale School of Management, Independent, Independent and University of Pennsylvania - The Wharton School
Downloads 26 (416,002)

Abstract:

anchoring, goal setting, retirement savings, 401(k), household finance

Small Cues Change Savings Choices

NBER Working Paper No. w17843
Number of pages: 48 Posted: 20 Feb 2012
Yale School of Management, Independent, Independent and University of Pennsylvania - The Wharton School
Downloads 10 (506,598)

Abstract:

30.

What Makes Annuitization More Appealing?

NBER Working Paper No. w18575
Number of pages: 43 Posted: 30 Nov 2012
Harvard Business School, Yale School of Management, Harvard University - Department of Economics, Harvard University - Harvard Kennedy School (HKS) and Columbia Business School - Finance and Economics
Downloads 35 (349,970)
Citation 2

Abstract:

31.

Reducing the Complexity Costs of 401(K) Participation Through Quick Enrollment(Tm)

NBER Working Paper No. w11979
Number of pages: 36 Posted: 20 Apr 2006
James J. Choi, David Laibson and Brigitte C. Madrian
Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 33 (346,739)
Citation 20

Abstract:

32.

Early Decisions: A Regulatory Framework

NBER Working Paper No. w11920
Number of pages: 28 Posted: 01 Jun 2006
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 32 (378,547)
Citation 1

Abstract:

33.

Does Aggregated Returns Disclosure Increase Portfolio Risk-Taking?

NBER Working Paper No. w16868
Number of pages: 47 Posted: 14 Mar 2011
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 26 (374,801)
Citation 1

Abstract:

34.

Who Uses the Roth 401(K), and How Do They Use it?

NBER Working Paper No. w19193
Number of pages: 33 Posted: 03 Jul 2013
Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 25 (371,008)

Abstract:

35.

Self Control and Commitment: Can Decreasing the Liquidity of a Savings Account Increase Deposits?

NBER Working Paper No. w21474
Number of pages: 55 Posted: 25 Aug 2015
Harvard Business School, Yale School of Management, University of Cambridge - Department of Applied Economics, Harvard University - Department of Economics, Harvard University - Harvard Kennedy School (HKS) and University of Chicago - Booth School of Business
Downloads 20 (349,970)

Abstract:

36.

Using Implementation Intentions Prompts to Enhance Influenza Vaccination Rates

NBER Working Paper No. w17183
Number of pages: 27 Posted: 05 Jul 2011
University of Pennsylvania - The Wharton School, Harvard Business School, Yale School of Management, Harvard University - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 10 (454,837)
Citation 2

Abstract: