We explore the relation between probability weighting and household portfolio underdiversification in a representative … household survey, using custom-designed incentivized lotteries. On average, people display Inverse-S shaped probability …

This paper examines how labor income volatility and social security benefits can influence lifecycle household …

We test the relation between ambiguity aversion and five household portfolio choice puzzles: non- participation, low ….S. household survey, we measure ambiguity aversion using custom- designed questions based on Ellsberg urns. As theory predicts …

the rest of the economy via high unemployment and reduced labor earnings, which reduced household contributions to Social …

We investigate how information processing frictions contribute to household suboptimal saving and investment behavior … with household financial literacy and increases with plan document disclosure complexity. Overall, our results suggest that …