Shlomo Benartzi: Saving for tomorrow, tomorrow

The video discusses the Save More Tomorrow program, designed by Richard Thaler and the speaker, to address common behavioral finance challenges in saving. It highlights issues like present bias, inertia, and loss aversion, and how these affect financial decisions. The program encourages employees to commit to saving more in the future, particularly when they receive pay raises, thus overcoming immediate gratification and effort-related obstacles. The success of the program is demonstrated through increased savings rates among participants.

What is the main focus of the 'Save More Tomorrow' program?

How does behavioral finance relate to the way people manage their money?

What are some common mistakes people make when it comes to mortgages?

Why do people often insure their iPhones but not their lives?

What does the average American household spend on lotteries annually?

What is present bias and how does it affect saving behavior?

How does inertia play a role in people's decisions about saving?

What is loss aversion and how does it impact saving for retirement?

What are the results of implementing the 'Save More Tomorrow' program?

What are the two key messages the speaker wants to convey at the end of the talk?