580 BENARTZI AND THALER
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Figure 16.2. Graphic savings questionnaire: Histograms of the allocation to fund A
and the resulting allocation to stocks. Notes: Three groups of individuals were asked
to allocate contributions between two funds, labeled Fund A and Fund B, based on a
year-by-year chart of the performance of the funds. The first group was asked to al-
locate contributions between stocks (Fund A) and bonds (Fund B). The second group
was asked to allocate contributions between stocks (Fund A) and a balanced fund