While artificial intelligence may one day be able to remove human bias from financial decision-making, that development remains far in the future, said Lisa Kramer, a professor of finance at the University of Toronto’s Rotman School of Management, during the keynote session at Benefits Canada’s 2024 Defined Contribution Plan Summit in February. “Human nature is […]
Canada’s gender pension gap is growing as Canadian women received an average of 18 per cent less retirement income than men in 2020, according to a report by Ontario’s pay equity office. It found the gap is more pronounced among women in visible minority groups (37 per cent), among sources of private retirement income (28 per […]
New research suggests that hormones play a role in financial decision-making. Specifically, cortisol, a hormone that marks stress, is positively related to the disposition effect, meaning holding on to underperforming assets for too long or selling overperforming assets too soon, according to the research by John Nofsinger, the William H. Seward chair in international finance […]