Much of economic and financial theory is based on the notion that individuals act rationally and consider all available information in the decision-making process. However, researchers have uncovered a surprisingly large amount of evidence that this is frequently not the case. Dozens of examples of irrational behavior and repeated errors in judgment have been documented. “Behavioral finance" has evolved that attempts to better understand and explain how emotions and cognitive errors influence investors and the decision-making process. Ms. Dupont will help shed some light on the behavioral tendencies of public sector employees. She will also discuss some recent surveys that the Institute has conducted regarding the topic of Behavioral Finance in the public sector field.