Study shows investors have 'alphabetical bias' when picking stocks for 401(k)

According to a new study, investors are more likely to choose funds listed up top on an alphabetical list. This so-called "alphabetical bias" is costing investors thousands of dollars a year. Jennifer Itzkowitz, professor of finance at Seton Hall University, joins "Squawk Box" to discuss.
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Tue, Dec 10 20196:50 AM EST