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Smokers’ Life Expectancy and Annuitization Decisions

In: Behavioral Finance A Novel Approach

Author

Listed:
  • Abigail Hurwitz
  • Orly Sade

Abstract

We examine subjective life expectancy perceptions of Israeli smokers by investigating the results of an online survey of a representative sample of 963 Israeli residents aged 50–70 years. Our results suggest that smokers are overoptimistic regarding their subjective life expectancy, a fact that is expected to influence the decision-making process in general, and financial decisions in particular. Indeed, our results are consistent with the results obtained by Hurwitz and Sade (2019) with regard to annuitization decisions.

Suggested Citation

  • Abigail Hurwitz & Orly Sade, 2020. "Smokers’ Life Expectancy and Annuitization Decisions," World Scientific Book Chapters, in: Itzhak Venezia (ed.), Behavioral Finance A Novel Approach, chapter 15, pages 349-364, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811229251_0015
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    Citations

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    Cited by:

    1. Hurwitz, Abigail & Mitchell, Olivia S. & Sade, Orly, 2022. "Testing methods to enhance longevity awareness," Journal of Economic Behavior & Organization, Elsevier, vol. 204(C), pages 466-475.

    More about this item

    Keywords

    Analysts Recommendations; Behavioral Biases; Behavioral Economics; Behavioral Finance; Board of Directors ; Compensation; Compensation Committee; Control; Coronavirus; Corporate Governance; COVID-19; Decision Making; Disposition Effect; Earnings Management; Elections; Emotions; Financial Crises; Financial Market Anomalies; Financial Markets; Forecast-Accuracy; Gender Differences; Heuristics; Interval Forecasting; Investment; Investor Horizon; Investors' Beliefs; IPO Under-Pricing; Life Expectancy; Myopia; Overconfidence; Pensions Industry; Policy Reforms; Polls; Portfolio Risk; Prediction Markets; Regulation; Stock Price Drifts; Time Preferences;
    All these keywords.

    JEL classification:

    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • G4 - Financial Economics - - Behavioral Finance
    • G3 - Financial Economics - - Corporate Finance and Governance
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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