• A Life-Cycle Model with Ambiguous Survival Beliefs 

      Groneck, Max; Ludwig, Alexander; Zimper, Alexander (2015-10-02)
      Based on a cognitive notion of neo-additive capacities reflecting likelihood insensitivity with respect to survival chances, we construct a Choquet Bayesian learning model over the life-cycle that generates a motivational ...
    • Cognition, Optimism and the Formation of Age-Dependent Survival Beliefs 

      Grevenbrock, Nils; Groneck, Max; Ludwig, Alexander; Zimper, Alexander (2018-06-02)
      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 ...
    • The Impact of Biases in Survival Beliefs on Savings Behavior 

      Groneck, Max; Ludwig, Alexander; Zimper, Alexander (2017-03-24)
      "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, ...