BIASES IN SAVINGS AND INSURANCE

Itzhak Venezia

Chapter 14 in Lecture Notes in Behavioral Finance, 2018, pp 187-202 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:Biases in SavingsDo people behave rationally in their savings decisions?Do people save enough?How can we induce people to save enough?Do people invest wisely their savings?Biases in Insurance: The Full-Coverage PuzzlePopular explanations for the full-coverage puzzleAn anchoring explanation for the full-coverage puzzleHow to avoid buying unworthy warrantees

Keywords: Behavioral Finance; Rationality; Prospect Theory; Cognitive and Psychological; Efficient Markets; Market Anomalies; Limits to Arbitrage; Heuristics (search for similar items in EconPapers)
Date: 2018
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