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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
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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
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Coordination of Expectations in Asset Pricing Experiments
Hommes, Cars; Sonnemans, Joep; Tuinstra, Jan; Velden, … - Tinbergen Institute - 2003
expectations. Each market is populated by six subjects and a small fraction of fun- damentalist traders. Realized prices differ …
Persistent link: https://www.econbiz.de/10005137028
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On Expectations, Realizations and Partial Retirement
Mastrogiacomo, Mauro - Tinbergen Institute - 2004
whether the related expectations and realizations match each other. We use the Dutch Social Economic Panel survey data, where … expectations about the next year's financial situation are reported. We show that realized changes exceed expectations, and that … conditional distribution of expectations and realizations, suggest that individuals around retirement are overly pes- simistic and …
Persistent link: https://www.econbiz.de/10005137265
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Learning in Cobweb Experiments
Hommes, C.H.; Sonnemans, J.H.; Tuinstra, J.; Velde, H. … - Tinbergen Institute - 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/10005137330
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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
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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
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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
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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
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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