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Who can predict their own Demise? Accuracy of Longevity Expectations by Education and Cognition

d'Uva, Teresa Bago; Ciftci, Esen Erdogan; O'Donnell, Owen; … - Tinbergen Instituut - 2015

Biased longevity expectations will lead to suboptimal decisions regarding saving, retirement, annuitization and health …, with consequences for wellbeing in old age. Systematic differences in the accuracy of longevity expectations may partly … veracity of expectations are due to the less educated and cognitively able responding less to changes in objective mortality …

Persistent link: https://www.econbiz.de/10011275101

Learning in Cobweb Experiments

Hommes, C.H.; Sonnemans, J.H.; Tuinstra, J.; Velde, H. … - Tinbergen Instituut - 2003

from individual expectations. Subjects have no information about underlying market equilibrium equations, but can learn by … stable treatment, rational expectations (RE) yield a good description of observed aggregate price fluctuations: prices remain …

Persistent link: https://www.econbiz.de/10011256156

On Expectations, Realizations and Partial Retirement

Mastrogiacomo, Mauro - Tinbergen Instituut - 2004

whether therelated expectations and realizations match each other. We use theDutch Social Economic Panel survey data, where … expectations aboutthe next year's financial situation are reported. We show that realizedchanges exceed expectations, and that this … distribution of expectations andrealizations, suggest that individuals around retirement are overly pes-simistic and attach more …

Persistent link: https://www.econbiz.de/10011257009

Individual Expectations and Aggregate Macro Behavior

Assenza, Tiziana; Heemeijer, Peter; Hommes, Cars; … - Tinbergen Instituut - 2013

The way in which individual expectations shape aggregate macroeconomic variables is crucial for the transmission and … effectiveness of monetary policy. We study the individual expectations formation process and the interaction with monetary policy … heterogeneous expectations model with a performance-based evolutionary selection among heterogeneous forecasting heuristics to the …

Persistent link: https://www.econbiz.de/10011257145

Coordination of Expectations in Asset Pricing Experiments

Hommes, Cars; Sonnemans, Joep; Tuinstra, Jan; Velden, … - Tinbergen Instituut - 2003

We investigate expectation formation in a controlled experimental en-vironment. Subjects are asked to predict the price in a standard asset pricingmodel. They do not have knowledge of the underlying market equilibrium equa-tions, but they know all past realized prices and their own predictions....

Persistent link: https://www.econbiz.de/10011257391

On the Measurement of Success and Satisfaction

Brink, René van den; Steffen, Frank - Tinbergen Instituut - 2012

This discussion paper led to a chapter in .Voting Power and Procedures: Essays in Honour of Dan Felsenthal and Moshé Machover', (eds. R. Fara, D. Leech, and M. Salles), pp 41-64, 2014. The main purpose of the present paper is to disentangle the mix-up of the notions of success and satisfaction...

Persistent link: https://www.econbiz.de/10011255947

Explicit and Latent Authority in Hierarchical Organizations

Brink, René van den; Gilles, Robert P. - Tinbergen Instituut - 2003

In this paper we consider the problem of the control of access to a firm's productive asset, embedding the relevant decisionmakers into a general structure of formal authority relations. Within such an authority structure, each decision maker acts as a principal to some decision makers, while...

Persistent link: https://www.econbiz.de/10011255955

Networks and Collective Action

Flores, Ramon; Koster, Maurice; Lindner, Ines; Molina, … - Tinbergen Instituut - 2012

This discussion paper resulted in a publication in Social Networks (2012). Vol. 34(4), pages 161-179. This paper proposes a new measure for a group's ability to lead society to adopt their standard of behavior, which in particular takes account of the time the group takes to convince the whole...

Persistent link: https://www.econbiz.de/10011256738

Axiomatizations of a Positional Power Score and Measure for Hierarchies

Brink, René van den; Steffen, Frank - Tinbergen Instituut - 2008

This discussion paper resulted in a publication in 'Public Choice', 151, 757-787. Power is a core concept in the analysis and design of organizations. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to the analysis of power in...

Persistent link: https://www.econbiz.de/10011256751

Network Formation with Heterogeneous Players

Galeotti, Andrea; Goyal, Sanjeev - Tinbergen Instituut - 2002

This paper studies network formation in settings where players are heterogeneous with respect to benefits as well as the costs of forming links. Our results demonstrate that centrality, center-sponsorship and short network diameter are robust features of equilibrium networks. We find that in a...

Persistent link: https://www.econbiz.de/10011256954