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dc.contributor.authorGREVENBROCK, Nils
dc.contributor.authorGRONECK, Max
dc.contributor.authorLUDWIG, Alexander
dc.contributor.authorZIMPER, Alexander
dc.date.accessioned2021-02-22T15:47:36Z
dc.date.available2021-02-22T15:47:36Z
dc.date.issued2021
dc.identifier.citationInternational economic review, 2021, Vol. 62, No. 2, pp. 887-918en
dc.identifier.issn0020-6598
dc.identifier.issn1468-2354
dc.identifier.urihttps://hdl.handle.net/1814/70002
dc.descriptionFirst published online: 02 December 2020en
dc.description.abstractThis article investigates the roles of psychological biases for deviations between subjective survival beliefs (SSBs) and objective survival probabilities. We model these deviations through age-dependent inverse S-shaped probability weighting functions. Our estimates suggest that implied measures for cognitive weakness increase and relative optimism decrease with age. Direct measures of cognitive weakness and optimism share these trends. Our regression analyses confirm that these factors play strong quantitative roles in the formation of SSBs. Our main finding is that cognitive weakness instead of optimism becomes with age an increasingly important contributor to the well-documented overestimation of survival chances in old age.en
dc.format.mimetypeapplication/pdfen
dc.language.isoen
dc.publisherWileyen
dc.relation.ispartofInternational economic reviewen
dc.titleCognition, optimism, and the formation of age-dependent survival beliefsen
dc.typeArticle
dc.identifier.doi10.1111/iere.12497
dc.identifier.volume62en
dc.identifier.startpage887en
dc.identifier.endpage918en
eui.subscribe.skiptrue
dc.identifier.issue2en


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