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Evidence on individual preferences for longevity risk

Delprat, Gae͏̈tan; Leroux, Marie-Louise; Michaud, … - 2013

The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...

Persistent link: https://www.econbiz.de/10009730526

Present-focused preferences and sin goods consumption at the extensive and intensive margins

Kalamov, Zarko Y.; Runkel, Marco - 2020

This paper analyzes sin goods consumption when individuals exhibit present-focused preferences. It considers three types of present focus: present-bias with varying degrees of naiveté, Gul-Pesendorfer preferences, and a dual-self approach. We investigate the incentives to deviate from healthy...

Persistent link: https://www.econbiz.de/10012206092

"Rule-of-thumb" consumption, intertemporal substitution, and risk aversion

Weber, Christian E. - In: Journal of business & economic statistics : JBES ; a … 18 (2000) 4, pp. 497-502

Persistent link: https://www.econbiz.de/10001521716

Preference for randomization : empirical and experimental evidence

Dwenger, Nadja; Kübler, Dorothea; Weizsäcker, Georg - 2013

We investigate violations of consequentialism in the form of the stochastic dominance property. The property is shared by many theories of choice and implies that the decision-maker prefers receiving the best outcome for sure over all lotteries that involve multiple outcomes. We run experiments...

Persistent link: https://www.econbiz.de/10009681824

Aging, probability weighting, and reference point adoption : an experimental study

Suzuki, Ayako (contributor); Kume, Koichi (contributor) - 2008

incentives. We estimate the parameterized models in the framework of cumulative prospect theory and examine the risk aversion … elderly group’s behavior departs more from the traditional expected utility theory than does the young group’s behavior …. -- age ; cumulative prospect theory ; risk aversion ; probability weights ; reference point …

Persistent link: https://www.econbiz.de/10003757815

Patient preferences and treatment thresholds under diagnostic risk : an economic laboratory experiment

Krieger, Miriam; Mayrhofer, Thomas - 2012

risk, medical decision theory predicts lower treatment thresholds for risk-averse than for risk-neutral decision makers …

Persistent link: https://www.econbiz.de/10009669833

Household characteristics, ability and education : evidence from a dynamic expected utility model

Belzil, Christian; Hansen, Jörgen - 1999

We estimate a Dynamic Programming model of the decision between continuing schooling or entering the labor market using a panel from the National Longitudinal Survey (NLSY). The model, set in an expected utility framework (with a power utility function), fits data on both schooling attainments...

Persistent link: https://www.econbiz.de/10011295416

Seasonal asset allocation : evidence from mutual fund flows

Kamstra, Mark J.; Kramer, Lisa A.; Levi, Maurice D.; … - 2013

Over the past 30 years, mutual funds have become the dominant vehicle through which individual investors prepare for retirement via defined contribution plans. Further, money market mutual funds, which hold $2.7 trillion as of September 2013, are now a major part of the cash economy in the U.S....

Persistent link: https://www.econbiz.de/10010223510

Stability of time preferences

Meier, Stephan; Sprenger, Charles D. - 2010

Individuals frequently face intertemporal decisions. For the purposes of economic analysis, the preference parameters assumed to govern these decisions are generally considered to be stable economic primitives. However, evidence on the stability of time preferences is notably lacking. In a large...

Persistent link: https://www.econbiz.de/10003940301

Patience among children

Bettinger, Eric; Slonim, Robert - In: Journal of public economics 91 (2007) 1/2, pp. 343-363

Persistent link: https://www.econbiz.de/10003409529

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