%0 Journal Article %A David Slifka %T Improving Investment Behavior with Pre-Commitment %D 2013 %R 10.3905/joi.2013.22.1.083 %J The Journal of Investing %P 83-87 %V 22 %N 1 %X In aggregate, investors succumb to human temptation to buy high and sell low. Academic research on pre-commitment provides a framework for investors to support contrarian behavior and reinforce defenses against poor investment practice such as herding. Examples of such reinforcements include psychological pre-commitment, such as priming investors with their own beliefs prior to making a decision, or behavioral pre-commitment, such as requiring a higher voting threshold to make herding decisions. An investment committee can use these tools in the present to nudge its future behavior in a desired contrarian direction.TOPICS: Portfolio theory, legal/regulatory/public policy %U https://joi.pm-research.com/content/iijinvest/22/1/83.full.pdf