Graduate School of Business, and has also held visiting professorships at
Harvard University and the London Business School. He received his Ph.D.
from Harvard University in 1996 and his BA from Cambridge University in
1991.
Shlomo Benartziis an associate professor at UCLA’s Anderson Graduate
School of Management. Dr. Benartzi received his Ph.D. from Cornell Uni-
versity’s Johnson Graduate School of Management. His research investi-
gates participant behavior in defined contribution plans. In particular, his
current work examines how do individuals make financial decisions in re-
tirement saving plans? In addition, he is developing behavioral prescrip-
tions to assist employees make better financial decisions including the
“Save More Tomorrow” program. Dr. Benartzi’s work has been published
in the American Economic Review, Journal of Political Economy, the
Quarterly Journal of Economics, the Journal of Finance, the Accounting
Review and Management Science. His work been discussed in the Econo-
mist, Financial Times, Investor’s Business Daily, the Los Angeles Times,
Money Magazine, the New York Times, Plan Sponsor, Pensions and Invest-
ments, The Wall Street Journal and CNBC. Benartzi served on the ERISA
Advisory Council of the U.S. Department of Labor, the Investment Advi-
sory Council of the Alaska State Pension and the advisory board of Morn-
ingstar.
John Y. Campbellis the Otto Eckstein Professor of Applied Economics at
Harvard University. He did his undergraduate work at Oxford University,
obtained his Ph.D. in Economics from Yale University in 1984, and taught
at Princeton University for ten years before moving to Harvard in 1994. He
is a research associate and former director of the program in asset pricing
at the National Bureau of Economic Research, a former co-editor of the
American Economic Review and the Review of Economics and Statistics, a
fellow of the Econometric Society and the American Academy of Arts and
Sciences, and the 2004 president-elect of the American Finance Associa-
tion. Campbell serves on the board of the Harvard Management Company
and is a partner of Arrowstreet Capital, LP, a quantitative asset manage-
ment firm. Campbell’s work concerns asset markets and their relation to
the macroeconomy, and the normative analysis of portfolio choice. He is
the author of two books, The Econometrics of Financial Markets(with An-
drew Lo and Craig MacKinlay) and Strategic Asset Allocation: Portfolio
Choice for Long-Term Investors(with Luis Viceira), both of which have
won Paul Samuelson Awards from TIAA-CREF for outstanding scholarly
writing on life-long financial security.
Emil M. Daborareceived his Bachelors of Science at the Massachusetts
Institute of Technology in 1991, and his Ph.D. in economics from Har-
vard University in 1996. After spending six years at Morgan Stanley in
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