Purpose The relevance of present consumption bias on personal finance has been confirmed in several studies and has …-control, adherence to healthy habits (e.g. exercising or dieting), procrastination tendencies or savings. The purpose of this paper is to … authors find the optimal consumption levels in the perfect-information benchmark by backward induction. They then proceed to …

uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the … significant effects of precautionary savings on the consumption-savings decision. As a result of a doubling of transitory income …. -- Consumption-savings decision ; interest rate elasticity of savings ; income uncertainty …