|Finance (Photo credit: Tax Credits)|
"Santa Clara University finance professor Meir Statman believes that American employers should be forced to set up retirement plans for their workers for one simple reason: "People are stupid," he said.
Statman, an expert in behavioral finance, includes himself among people who sometimes make stupid financial decisions."
Statman's book What Investors Really Want: Know What Drives Investor Behavior and Make Smarter Financial Decisions is one of my all time favorites.
Here is an audio interview I did with him a few years ago: podcast with Meir Statman.