A study by Dr. Abigail Hurwitz of the Robert H. Smith Faculty of Agriculture and Prof. Orly Sade of the Business School found that pensioners prefer lump-sum withdrawals for small pension accounts but opt for fixed monthly payments when dealing with larger sums.

Based on insurance data and experiments, the study warns this behavior may harm long-term finanacial security and impact how financial institutions manage risks and assets.

https://phys.org/news/2024-09-small-accounts-big-decisions-multiple.html