Optimal annuity demand in behavioral decision models


Schneider, Patrick


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URL: https://ub-madoc.bib.uni-mannheim.de/43556
URN: urn:nbn:de:bsz:180-madoc-435560
Document Type: Doctoral dissertation
Year of publication: 2018
Place of publication: Mannheim
University: Universität Mannheim
Evaluator: Albrecht, Peter
Date of oral examination: 26 September 2017
Publication language: English
Institution: Business School > ABWL, Risikotheorie, Portfolio Management u. Versicherungswissenschaft (Albrecht)
Subject: 330 Economics
Subject headings (SWD): Ruhestand , Verhaltensökonomie , Rentenversicherung , Portfoliomanagement , Zeitpräferenz
Keywords (English): optimal retirement portfolio loss aversion hyperbolic discounting reference dependence
Abstract: The aim of this dissertation is to design and analyze behavioral decision models for the retirement phase of the life-cycle. The proposed decision models combine expected utility theory with the behavioral apects hyperbolic discounting, loss aversion and reference dependence. A thorough optimization is conducted within the models to find the optimal insurance endowments, investment and consumption plans and bequest sizes.

Dieser Eintrag ist Teil der Universitätsbibliographie.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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