FYI: Many investment decisions are determined by accident--by perceptions that are independent of the economic reality.
Perhaps the most prominent example is with target-date funds. Investors favor them in their 401(k) accounts. With Vanguard-sponsored plans, 52% of participants place their entire contribution into a single target-date fund, and another 25% invest at least partially into target dates. Outside of 401(k)s, though, those same shareholders rarely buy target-date funds.
Regards,
Ted
https://www.morningstar.com/articles/932112/converting-401k-assets-into-social-security-income.html