Subjective Survival Beliefs and Savings Decisions

Project Start:04/2014
Status:Completed
Researchers:Nils Grevenbrock, Max Groneck, Alexander Ludwig, Alexander Zimper
Category: Macro Finance
Funded by:LOEWE

We study behavioral models of belief formation, in particular on the probability to survive. We also evaluate their implications in models of economic behavior. The aim is to bring one ongoing subproject in the SAFE project "Subjective Survival Beliefs and Saving Decisions" to a successful end and to start a new project with a similar overtone.

 

Quantitatively characterize biases between subjective survival beliefs and objective survival probabilities and the implications of these biases for savings behavior

Related Published Papers

Author/sTitleYearProgram AreaKeywords
Max Groneck, Alexander Ludwig, Alexander ZimperA Life-Cycle Model with Ambiguous Survival Beliefs
Journal of Economic Theory
2016 Macro Finance Cumulative prospect theory, Choquet expected utility, Dynamic inconsistency, Life-cycle hypothesis, Saving puzzles

Related Working Papers

No.Author/sTitleYearProgram AreaKeywords
73Max Groneck, Alexander ZimperA Life-Cycle Model with Ambiguous Survival Beliefs2014 Macro Finance Cumulative prospect theory, Choquet expected utility, Dynamic inconsistency, Life-cycle hypothesis, Saving puzzles
169Max Groneck, Alexander Ludwig, Alexander ZimperWho Saves More, the Naive or the Sophisticated Agent?2017 Macro Finance Survival beliefs; Ambiguity; Choquet expected utility; Dynamic inconsistency
200Nils Grevenbrock, Max Groneck, Alexander Ludwig, Alexander ZimperCognition, Optimism and the Formation of Age-Dependent Survival Beliefs2018 Macro Finance Subjective Survival Beliefs, Probability Weighting Function, Conrmatory Bias, Cognition, Optimism, Pessimism
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