In this paper, we compare individual survival curves constructed from objective (actual mortality) and elicited subjective information (probability of survival to a given target age). We develop a methodology to estimate jointly subjective and objective individual- survival curves accounting for...

Using probabilistic expectations data from the German Socio-Economic Panel, we establish a link between self-reported expectations of occupational mobility and individual preferences for redistribution. We do this with the intention to provide new evidence on the validity of the “prospect of...

This paper extends the work of Karni (Econ Theory 48:125–146, <CitationRef CitationID="CR3">2011</CitationRef>) to allow for the possibility that decision makers’ effect-dependent risk attitudes are also affected by their actions. This extension is essential for modeling decision situations in which actions have a monetary dimension...</citationref>

Data smoothing or regression kernels based on locational entropy embody the principle that observations towards the extremes of the chosen data window should provide less information than those at the midpoint. Weight patterns can be flexible, depending on the choice of prior information density.