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This paper investigates the roles psychological biases play in deviations between subjective survival beliefs (SSBs) and objective survival probabilities (OSPs). We model deviations between SSBs and OSPs through age-dependent inverse S-shaped probability weighting functions. Our estimates...
Persistent link: https://www.econbiz.de/10012062116
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This paper investigates the roles psychological biases play in empirically estimated deviations between subjective survival beliefs (SSBs) and objective survival probabilities (OSPs). We model deviations between SSBs and OSPs through age-dependent inverse S-shaped probability weighting functions...
Persistent link: https://www.econbiz.de/10011796058
Persistent link: https://www.econbiz.de/10011809798
This paper investigates the roles psychological biases play in empirically estimated deviations between subjective survival beliefs (SSBs) and objective survival probabilities (OSPs). We model deviations between SSBs and OSPs through age-dependent inverse S-shaped probability weighting functions...
Persistent link: https://www.econbiz.de/10011816303
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mortality risk to higher ages will not affect lifetime health care expenditures as death occurs only once in every life. We … life and for survivors, which we apply to the projections of the age structure and mortality rates for the German …
Persistent link: https://www.econbiz.de/10002390153
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