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Keywords: retirement planning
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Journal Articles
Journal:
Review of Behavioral Economics
Review of Behavioral Economics (2023) 10 (3): 203–227.
Published: 06 November 2023
...An Chen; Manuel Rach We analyze individuals’ demand for retirement plans under cumulative prospect theory (CPT), considering traditional and unit-linked annuities as well as innovative, unit-linked tontines, in which benefits depend on mortality and financial market risks. We find that the main...
