@article{Rodríguez Reyes_2018, title={The halo effect, private knowledge and retirement fund choice: A theoretical model for the case of México’s AforeEl efecto halo, el conocimiento privado y la elección del fondo de retiro: un modelo teórico para el caso de las Afores de México}, volume={15}, url={https://econoquantum.cucea.udg.mx/index.php/EQ/article/view/7126}, DOI={10.18381/eq.v15i2.7126}, abstractNote={<p>Empirical evidence shows that Mexican workers frequently chose a lower-yielding retirement savings manager over a higher-yielding one, damaging their prospects for retirement income. This research paper shows that such puzzling behavior can occur as a product of the unobservable private history between workers and the companies clustered around a common brand-name, in an example of what is known as the <em>halo effect</em>. To support this hypothesis, a theoretical model of private knowledge and subjective probability with long-term commitment is built. Results are consistent with the idea that private-knowledge-induced <em>halo effect </em>can produce a rational decision process to yield an apparently irrational outcome.</p>}, number={2}, journal={EconoQuantum}, author={Rodríguez Reyes, Luis Raúl}, year={2018}, month={sep.}, pages={7–20} }