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A Study of Personal Financial Planning Process and Socio-Economic Decision-Making in Households
Sweety - 2016
In the current era, planning of finance is assuming extreme importance as myriad financial products are available and individuals' demands are increasing. Personal financial planning is a process which outlines one's financial objectives and takes financial decisions in a manner that his goals...
Persistent link: https://www.econbiz.de/10012986343
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Sequential optimization, front-loaded information, and U.S. consumption
Willman, Alpo - 2007
In an overlapping generations maximization framework with consumers, whose information on uncertain future income … realizations is front loaded, a closed form aggregate consumption function with CRRA preferences is derived. To have a closed form … life-time wealth and then the optimal consumption path. The derived model captures precautionary saving, which is dependent …
Persistent link: https://www.econbiz.de/10011604811
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Economic consequences of mispredicting utility
Frey, Bruno S. (contributor); Stutzer, Alois (contributor) - 2008
A framework is proposed for organizing phenomena related to the (mis)prediction of utility, in particular neglecting adaptation. A categorization is introduced that accounts for asymmetries in misprediction. In decision-making, goods and activities satisfying extrinsic desires are more salient...
Persistent link: https://www.econbiz.de/10003667009
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Economic consequences of mispredicting utility
Frey, Bruno S.; Stutzer, Alois - 2013
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10009766248
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Economic consequences of mispredicting utility
Frey, Bruno S.; Stutzer, Alois - 2013
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10009753717
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Economic Consequences of Mispredicting Utility
Frey, Bruno S. - 2013
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10013080151
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The Dark Side of Nudging : The Ethics, Political Economy, and Law of Libertarian Paternalism
McCrudden, Christopher - 2015
Libertarian paternalism, as advanced by Cass Sunstein, is seriously flawed, but not primarily for the reasons that most commentators suggest. Libertarian paternalism and its attendant regulatory implications are too libertarian, not too paternalistic, and as a result are in considerable tension...
Persistent link: https://www.econbiz.de/10013012598
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Price Discrimination, Algorithmic Decision-making, and European Non-discrimination Law
Zuiderveen Borgesius, Frederik - 2020
different prices for identical products, based on information the company has about those people. The main question in this …
Persistent link: https://www.econbiz.de/10014105508
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Saving and consumption when children move out : conference paper
Rottke, Simon; Klos, Alexander - 2013
Based on the German Socio-economic Panel (SOEP), we show that household consumption drops and saving rises … significantly within four years after a child moves out of a household. Per capita consumption of parents is approximately leveled … calibrated life-cycle models assuming a smoothing of per capita consumption for parents with children in the household …
Persistent link: https://www.econbiz.de/10010341617
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Remittances and sustainability of family livelihoods in Zimbabwe: Case Study of Chegutu Town
Mishi, Syden; Mudziwapasi, Lilymore - Economic Research Southern Africa (ERSA) - 2014
Zimbabwe had witnessed socio-economic challenges that resulted in mass exodus of its populace across its boarders mainly from the late 1990s. Migration can be individual or household strategy for survival and remittances play a role in transforming the household income. Making use of ordinary...
Persistent link: https://www.econbiz.de/10010885329