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Does it really get better with age? : life-cycle patterns of confidence in Germany
Friehe, Tim; Pannenberg, Markus - 2019
This paper investigates if and how confidence at the individual level changes over the course of a life. We provide age …-related confidence levels are, in all likelihood, a hindrance for prudent financial decisions in preparation for old age. … profiles of a novel continuous confidence measure and the probability of overconfidence, conditioning on personality traits …
Persistent link: https://www.econbiz.de/10012231947
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Overconfidence over the lifespan : evidence from Germany
Friehe, Tim; Pannenberg, Markus - In: Journal of economic psychology : research in economic … 74 (2019), pp. 1-21
Persistent link: https://www.econbiz.de/10012243949
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Emotions and risk attitudes
Meier, Armando N. - 2021
Previous work has shown that preferences are not always stable across time, but surprisingly little is known about the reasons for this instability. I examine whether variation in people's emotions over time predicts changes in risk attitudes. Using a large panel data set, I identify happiness,...
Persistent link: https://www.econbiz.de/10012581294
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Overconfidence and the political and financial behavior of a representative sample
Ahrens, Steffen; Bosch-Rosa, Ciril; Kassner, Bernhard - 2021
implement, and captures respondents' excess confidence in their own judgment. Our results show that, in line with theoretical … predictions, an excessive degree of confidence in one's judgment is correlated with lower portfolio diversification, larger stock …
Persistent link: https://www.econbiz.de/10012648019
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Overconfidence and the political and financial behavior of a representative sample
Bosch-Rosa, Ciril; Kassner, Bernhard; Ahrens, Steffen - 2024
representative sample. Consistent with theoretical predictions, our findings indicate that excessive confidence in one's judgment is …
Persistent link: https://www.econbiz.de/10015075012
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Time preferences and overconfident beliefs : Evidence from Germany
Friehe, Tim; Pannenberg, Markus - In: Journal of behavioral and experimental economics 92 (2021), pp. 1-14
Persistent link: https://www.econbiz.de/10012643562
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Time preferences over the life cycle
Kureishi, Wataru; Paule-Paludkiewicz, Hannah; … - 2020
. In order to disentangle age effects from cohort and period factors, we estimate individual fixed-effects models …
Persistent link: https://www.econbiz.de/10012302580
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Time preferences over the life cycle
Kureishi, Wataru; Paule-Paludkiewicz, Hannah; … - 2020
. In order to disentangle age effects from cohort and period factors, we estimate individual fixed-effects models …
Persistent link: https://www.econbiz.de/10012303352
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Time preferences over the life cycle
Kureishi, Wataru; Paule-Paludkiewicz, Hannah; … - 2020
. We estimate the age patterns of discount rates from age 25 to 80. In order to identify age effects, we have to … discount rates decrease with age and the decline is remarkably linear over the life cycle. …
Persistent link: https://www.econbiz.de/10012170434
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The Stability of Self-Control in a Population Representative Study
Cobb-Clark, Deborah A.; Kong, Nancy; … - 2021
We investigate the stability of self-control at the population level. Analyzing repeated Brief Self-Control Scale scores, we demonstrate that self-control exhibits a high degree of mean-level, rank-order, and individual-level stability over the medium term. Changes in self-control are not...
Persistent link: https://www.econbiz.de/10012882552