five

Framing Lifetime Income

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NBER2013-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19063
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资源简介:
We provide evidence that individuals optimize imperfectly when making annuity decisions, and this result is not driven by loss aversion. Life annuities are more attractive when presented in a consumption frame than in an investment frame. Highlighting the purchase price in the consumption frame does
创建时间:
2013-05-01
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