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The intergenerational transfer of public pension promises
Novy-Marx, Robert; Rauh, Joshua - 2008
Persistent link: https://www.econbiz.de/10003759751
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Asset allocation within variable annuities : the impact of guarantees
Milevsky, Moshe Arye; Kyrychenko, Vladyslav - In: Recalibrating retirement spending and saving, (pp. 276-294). 2008
Persistent link: https://www.econbiz.de/10003790851
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The Four Approaches to Managing Retirement Income Risk
Pfau, Wade D. - 2019
Sequence-of-returns risk amplifies the impacts of investment volatility when taking distributions from a volatile investment portfolio in retirement. There are four techniques for managing this sequence risk: reduce the spending rate, adjust spending to portfolio performance, reduce portfolio...
Persistent link: https://www.econbiz.de/10012857940
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Are decision errors explaining hyperbolic discounting and nonlinear probability weighting?
Holden, Stein Terje; Tione, Sarah; Tilahun, Mesfin; … - 2024
decision errors can explain or be highly correlated with hyperbolic discounting and non-linear (inverse-S-shaped) probability … weighting. We find evidence that decision errors are strongly correlated with hyperbolic discounting but do not find that …
Persistent link: https://www.econbiz.de/10014581476
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Unpacking experimental discount rates : impatience, uncertainty, and credit constraints
Casari, Marco - In: Games, rationality and behaviour : essays on …, (pp. 11-25). 2008
Persistent link: https://www.econbiz.de/10003610861
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New sufficient conditions for (s, S) policies to be optimal in systems with multiple uncertainties
Chen, Lucy Gongtao; Robinson, Lawrence W.; Roundy, Robin O. - In: Operations research 63 (2015) 1, pp. 186-197
Persistent link: https://www.econbiz.de/10010519496
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Discounting under uncertainty : disentangling the Weitzman and the Gollier effect
Traeger, Christian - In: Journal of environmental economics and management : … 66 (2013) 3, pp. 573-582
Persistent link: https://www.econbiz.de/10010359695
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Why uncertainty matters : discounting under intertemporal risk aversion and ambiguity
Traeger, Christian - In: Economic theory : official journal of the Society for … 56 (2014) 3, pp. 627-664
Persistent link: https://www.econbiz.de/10010388046
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The effect of uncertainty on negative discounting
Palenik, Marcin - In: International journal of management and economics 57 (2021) 4, pp. 287-298
show that the assumption of positive discounting is not always true. The presented experimental study shows how a decrease … in probability increases the chances of negative discounting. According to the results, the expected large, uncertain … in the frequency of negative discounting due to increased uncertainty. The results of the study broaden the existing …
Persistent link: https://www.econbiz.de/10012821522
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Discount Rate Uncertainty and Capital Investment
Bessembinder, Hendrik; H. Décaire, Paul - 2021
Firms obtain noisy estimates of investors' required rates of return (discount rates) using market-based information. Discounted-cash-flow (DCF) methods, as commonly taught in MBA courses, lead to upward-biased estimates of project values in the presence of such noise, even when cash flow and...
Persistent link: https://www.econbiz.de/10013251697