Julie Agnew|Lisa R. Szykman
Asset Allocation and Information Overload: The Influence of Information Display, Asset Choice, and Investor Experience
paper examines whether information overload might partially explain defined contribution plan participants tend follow path least resistance choi et al 2002 two experiments test three common differences among defined contribution plans number investment choices offered similarity choices display choices lead varying degrees information overload probability opting default notably control financial aptitude individual findings suggest success certain plan features depends strongly financial background participant find lowknowledge individuals opt default allocation often highknowledge individuals experiment 1 20 versus 2 results emphasize importance plan design especially selection plan defaults need improve financial literacy participants