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Financial literacy and intertemporal arbitrage

Oberrauch, Luis; Kaiser, Tim - 2020

We study the role of financial literacy for inter-temporal decision-making using an adapted version of the Convex Time … to show individual discount factors which are in line with extra-experimental market rates. At the same time, financial … evidence for inter-temporal arbitrage among financially literate respondents, thereby revealing a potential confound in time …

Persistent link: https://www.econbiz.de/10012308896

Failures of Contingent Reasoning in Annuitization Decisions

Luttmer, Erzo F. P.; Oliveira, Priscila de; Taubinsky, … - National Bureau of Economic Research - 2025

This paper studies psychological biases in take-up of annuities, using an incentivized experiment with a probability …-based sample (N = 3,038). Choosing an annuity was payoff-maximizing in the experiment at all prices, but take-up was incomplete and …

Persistent link: https://www.econbiz.de/10015398107

A behavioral understanding of investment horizon and firm performance

Souder, David; Reilly, Greg; Bromiley, Philip; … - In: Organization science : a journal of the Institute for … 27 (2016) 5, pp. 1202-1218

Persistent link: https://www.econbiz.de/10011606627

The impact of biases in survival beliefs on savings behavior

Groneck, Max; Ludwig, Alexander; Zimper, Alexander - 2017

On average young people "undersave" whereas old people "oversave" with respect to the rational expectations model of life-cycle consumption and savings. According to numerous studies on subjective survival beliefs, young people also "underestimate" whereas old people "overestimate" their...

Persistent link: https://www.econbiz.de/10011629177

Financial literacy, economic preferences, and adolescents' field behavior

Razen, Michael; Huber, Jürgen; Hueber, Laura; … - 2020

Financial literacy and economic preferences are considered to be important drivers of health, income, and general well-being. In this paper we bridge the gap between studies on financial literacy and research on economic preferences by how they interplay with each other and the field behavior of...

Persistent link: https://www.econbiz.de/10012203420

Mental time travel and the valuation of financial investments

Blake, David; Pickles, John - In: Review of behavioral finance : RBF 14 (2022) 3, pp. 327-344

Persistent link: https://www.econbiz.de/10013286631

The consequences and correction of inflation in personal savings estimates in specific future time frames

Tam, Leona; Dholakia, Utpal M. - In: Journal of behavioral decision making 26 (2013) 2, pp. 139-151

Persistent link: https://www.econbiz.de/10009730426

Mental time travel and retirement savings

Blake, David; Pickles, John - In: Journal of risk and financial management : JRFM 14 (2021) 12, pp. 1-13

We portray the valuation of retirement savings in terms of a mental time travel journey in which a proposed …

Persistent link: https://www.econbiz.de/10012798695

Portfolio decisions on life annuities and financial assets with longevity and income uncertainty

Pech, Susanne - 2004

Persistent link: https://www.econbiz.de/10002519749

Present Bias and Financial Behavior

Xiao, Jing Jian - 2019

Present bias is an important term in behavioral finance that is derived from the concept of self-control. Empirical research finds that present bias is associated with undesirable spending, borrowing, and saving behavior. Unlike previous research that focuses on one domain of financial behavior,...

Persistent link: https://www.econbiz.de/10012897991