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AuthorSchelling, Stefandc.contributor.author
Date of accession2019-07-05T08:58:48Zdc.date.accessioned
Available in OPARU since2019-07-05T08:58:48Zdc.date.available
Year of creation2019dc.date.created
Date of first publication2019-07-05dc.date.issued
AbstractThis cumulative thesis contributes to the field of behavioral economics and decision making in the context of retirement savings. Traditional economic theory considers utility maximizing rational decision makers with well-defined and time-consistent preferences, who process all relevant information. In recent years, economics increasingly focuses on explaining discrepancies between predictions of traditional economic theory and actual human decision making. The research papers included in this cumulative thesis contribute to the field by modeling and analyzing various behavioral aspects of decision making in the context of retirement savings. We propose new models to describe actual human decision making in the accumulation phase (investment decision) as well as in the decumulation phase (annuitization decision). The results provide new helpful insights into the role of various behavioral aspects on these fundamental decisions and point out promising directions for future research.dc.description.abstract
Languageen_USdc.language.iso
PublisherUniversität Ulmdc.publisher
Has part1. Ruß, J., and Schelling, S. (2018). Multi Cumulative Prospect Theory and the Demand for Cliquet-Style Guarantees. Journal of Risk and Insurance 85(4): 1103–1125. DOI: 10.1111/jori.12195.dc.relation.haspart
Has part2. Graf, S., Ruß, J., and Schelling, S. (2018). As You like It. Explaining the Popularity of Life-Cycle Funds with Multi Cumulative Prospect Theory. Submitted to special issue of Risk Management and Insurance Review (under review).dc.relation.haspart
Has part3. Ruß, J., and Schelling, S. (2018). Return Smoothing and Risk Sharing Elements in Life Insurance from a Client Perspective. Working Paper.dc.relation.haspart
Has part4. Schelling, S. (2018). When and How Framing Makes Annuitization Appealing: A Model- Based Analysis. Working Paper.dc.relation.haspart
LicenseStandarddc.rights
Link to license texthttps://oparu.uni-ulm.de/xmlui/license_v3dc.rights.uri
KeywordRetirement Savingsdc.subject
KeywordBehavioral Insurancedc.subject
KeywordProspect Theorydc.subject
KeywordAnnuitydc.subject
KeywordReference Pointdc.subject
KeywordLife-cycle Fundsdc.subject
KeywordOld-Age Provisiondc.subject
KeywordFramingdc.subject
KeywordProduct Designdc.subject
Dewey Decimal GroupDDC 330 / Economicsdc.subject.ddc
LCSHRetirement incomedc.subject.lcsh
LCSHInsurancedc.subject.lcsh
LCSHFinance, Personaldc.subject.lcsh
LCSHLoan loss reservesdc.subject.lcsh
LCSHEconomics; Psychological aspectsdc.subject.lcsh
TitleBehavioral aspects of product design and demand in retirement savingsdc.title
Resource typeDissertationdc.type
Date of acceptance2019-02-27dcterms.dateAccepted
RefereeRuß, Jochendc.contributor.referee
RefereeZwiesler, Hans-Joachimdc.contributor.referee
RefereeSchiller, Jörgdc.contributor.referee
DOIhttp://dx.doi.org/10.18725/OPARU-15724dc.identifier.doi
PPN1668735458dc.identifier.ppn
URNhttp://nbn-resolving.de/urn:nbn:de:bsz:289-oparu-15781-2dc.identifier.urn
GNDVersicherungdc.subject.gnd
GNDAlterseinkünftedc.subject.gnd
GNDWirtschaftspsychologiedc.subject.gnd
FacultyFakultät für Mathematik und Wirtschaftswissenschaftenuulm.affiliationGeneral
InstitutionInstitut für Versicherungswissenschaftenuulm.affiliationSpecific
Grantor of degreeFakultät für Mathematik und Wirtschaftswissenschaftenuulm.thesisGrantor
DCMI TypeTextuulm.typeDCMI
CategoryPublikationenuulm.category
Bibliographyuulmuulm.bibliographie


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