James Choi

Professor of Finance

Professor Choi's research spans behavioral finance, behavioral economics, household finance, capital markets, health economics, and sociology. His work on default options has led to changes in 401(k) plan design at many U.S. corporations and has influenced pension legislation in the United States and abroad. In other papers, he has investigated topics such as the influence of racial, gender, and religious identity on economic preferences, investor ignorance of mutual fund fees, the effect of deadlines and peer information on savings choices, how retail investor sentiment in China affects stock returns, and the use of subtle planning prompts to increase vaccination rates.

Professor Choi is a recipient of the TIAA-CREF Paul A. Samuelson Award for outstanding scholarly writing on lifelong financial security. He is a member of the FINRA Investor Issues Committee and a TIAA-CREF Institute Fellow.

Education

  • PhD, Harvard University, 2005
  • AB, Harvard University, 1998

Courses

International Experience: Chile
MGT 416
Corporate Finance
MGT 541
Integrated Management Perspectives
MGT 430

Publications

Selected Articles

J.J. Choi, J. Beshears, D. Laibson, B. Madrian, and K. Milkman
Journal of Finance
2015
J.J. Choi, J. Beshears, J. Hurwitz, D. Laibson, and B. Madrain
American Economic Review Papers and Proceedings
2015
J. J. Choi, J. Beshears, D. Laibson, B. C. Madrian, and S. P. Zeldes
Journal of Public Economics
2014
Consumers' Misunderstanding of Health Insurance
J.J. Choi, G. Loewenstein, J. Friedman, B. McGill, S. Ahmad, S. Linck, S. Sinkula, J. Beshears, J. Kolstad, D. Laibson, B. Madrian, J. List, and K. Volpp
Journal of Health Economics
2013
What Goes Up Must Come Down? Experimental Evidence on Intuitive Forecasting
J.J. Choi, J. Beshears, D. Laibson, B. C. Madrian & A. Fuster
American Economic Review Papers and Proceedings
2013

Selected Working Papers

Vaccination Rates Are Associated with Functional Proximity but Not Base Proximity of Vaccination Clinics
J.J. Choi, J. Beshears, D. Laibson, B. Madrian, and G. Reynolds
Revision requested: Medical Care
2015
Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(k) Introductions
J.J. Choi, J. Beshears, D. Laibson, and B. Madrain
Revision requested: Journal of Public Economics
2014
J.J. Choi, J. Beshears, D. Laibson, and B. Madrain
2011
Contributions to Defined Contribution Pension Plans
J.J. Choi
Solicited: Annual Review of Financial Economics
John L. Beshears, James J. Choi, Christopher Harris, David Laibson, Brigitte C. Madrian, Jung Sakong
2015

Achievements

TIAA-CREF Institute grant, “Annuitization and Retirement Security” (with J. Beshears, D. Laibson, B.C. Madrian, and S.P. Zeldes)
2011-2012
TIAA-CREF Paul A. Samuelson Award for outstanding scholarly writing on lifelong financial security (with D. Laibson and B.C. Madrian)
2011
Social Security Administration grant, “Low Income Households and 401(k) Auto-Enrollment” (with John Beshears, David Laibson, and Brigitte C. Madrian)
2010-2011
National Institute on Aging R01 grant, “Determinants of Saving in 401(k) Plans—Continuation” (with John Beshears, David Laibson, and Brigitte C. Madrian)
2007-2011
Improving Disclosure to Investors Grant, FINRA Investor Education Foundation (with John Beshears, David Laibson, and Brigitte C. Madrian)
2007-2009
National Institute on Aging R01 grant, “Determinants of Saving in 401(k) Plans” (with David Laibson, Brigitte C. Madrian, and Andrew Metrick)
2003-2007
NBER Pre-Doctoral Fellow in Aging and Health Economics
2003-2005
Harvey Fellow, Mustard Seed Foundation
2003-2005
Harvey Fellow, Mustard Seed Foundation
2003-2005
National Science Foundation Graduate Research Fellowship
2000-2003
Hoopes Prize for excellence in Harvard undergraduate research
1998
Phi Beta Kappa
Harvard University
1998