Auflistung LIF-SAFE Working Papers nach JEL-Klassifizierung "D83"

Anzeige der Dokumente 1-7 von 7

    • 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 ...

    • Belief Formation and Belief Updating under Ambiguity: Evidence from Experiments 

      Li, Wenhui; Wilde, Christian (2019-09-21)
      Decisions under ambiguity depend on both the belief regarding possible scenarios and the attitude towards ambiguity. This paper exclusively focuses on beliefs, measured independent from attitudes. We use laboratory experiments ...

    • 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 ...

    • Exposure to the COVID-19 Stock Market Crash and its Effect on Household Expectations 

      Hanspal, Tobin; Weber, Annika; Wohlfart, Johannes (2020-05-21)
      We survey a representative sample of US households to study how exposure to the COVID-19 stock market crash affects expectations and planned behavior. Wealth shocks are associated with upward adjustments of expectations ...

    • Peer Effects and Risk Sharing in Experimental Asset Markets 

      Baghestanian, Sascha; Gortner, Paul J.; van der Weele, Joël J. (2015-02-02)
      Previous research has documented strong peer effects in risk taking, but little is known about how such social influences affect market outcomes. Since the consequences of social interactions are hard to isolate in financial ...

    • Separating the Effects of Beliefs and Attitudes on Pricing under Ambiguity 

      Li, Wenhui; Wilde, Christian (2021-03-10)
      The pricing of an ambiguous asset, whose cash flow stream is uncertain, may be affected by three factors: the belief regarding the realization likelihood of cash flows, the subjective attitude towards risk, and the attitude ...

    • 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, ...