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A Life-Cycle Model with Ambiguous Survival Beliefs
Groneck, Max - 2013
On average, "young" people underestimate whereas "old" people overestimate their chances to survive into the future. We adopt a Bayesian learning model of ambiguous survival beliefs which replicates these patterns. The model is embedded within a non-expected utility model of life-cycle...
Persistent link: https://www.econbiz.de/10013092823
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A ife-cycle model with ambiguous survival beliefs
Groneck, Max; Ludwig, Alexander; Zimper, Alexander - In: Journal of economic theory 162 (2016), pp. 137-180
Persistent link: https://www.econbiz.de/10011593094
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Ambiguous survival beliefs and hyperbolic discounting in a life-cycle model : conference paper
Groneck, Max; Ludwig, Alexander; Zimper, Alexander - 2013
is compared with hyperbolic discounting within a standard life-cycle setting of consumption and savings. We show …
Persistent link: https://www.econbiz.de/10010340559
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Das Inflation Targeting unter dem Aspekt der Inflationsunsicherheit
Boerner, Sebastian - 2009 - Erstauflage
Persistent link: https://www.econbiz.de/10003901875
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A life-cycle model with ambiguous survival beliefs
Groneck, Max; Ludwig, Alexander; Zimper, Alexander - 2014
On average, "young" people underestimate whereas "old" people overestimate their chances to survive into the future. We adopt a Bayesian learning model of ambiguous survival beliefs which replicates these patterns. The model is embedded within a non-expected utility model of life-cycle...
Persistent link: https://www.econbiz.de/10010419819
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The impact of biases in survival beliefs on savings behavior
Groneck, Max; Ludwig, Alexander; Zimper, Alexander - 2017
life-cycle consumption and savings. According to numerous studies on subjective survival beliefs, young people also …
Persistent link: https://www.econbiz.de/10011629177
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Spillover of cause-specific longevity interventions : an independent motrality risk model
Liu, Liqun - In: The European journal of health economics : HEPAC ; … 9 (2008) 2, pp. 193-201
Persistent link: https://www.econbiz.de/10003716587
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Complex decision making : the roles of cognitive limitations, cognitive decline and ageing
Keane, Michael P.; Thorp, Susan - 2016 - Revised September 9, 2016
Persistent link: https://www.econbiz.de/10011555329
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Complex decision making : the roles of cognitive limitations, cognitive decline, and aging
Keane, Michael P.; Thorp, Susan - 2016
Persistent link: https://www.econbiz.de/10011574519
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Recovering Longevity Expectations from Subjective Survival Probabilities : Uncertainty Matters
Lehmensiek-Starke, Moritz - 2016
According to economic theory, subjective longevity expectations should shape individual decision making regarding … consumption and savings. A common way of eliciting longevity expectations is to ask for the subjective probability of survival to …-of-sample predictions. We also show that the elicited survival distributions are decent predictors of actual mortality and propose a new …
Persistent link: https://www.econbiz.de/10012978763