Smokers’ life expectancy and annuitization decisions

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

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.

Original languageAmerican English
Title of host publicationBehavioral Finance
Subtitle of host publicationA Novel Approach
PublisherWorld Scientific Publishing Co.
Pages349-364
Number of pages16
ISBN (Electronic)9789811229251
DOIs
StatePublished - 1 Jan 2020

Keywords

  • Financial decisions
  • Self-assessed life expectancy
  • Smoking
  • Time preferences

All Science Journal Classification (ASJC) codes

  • General Economics,Econometrics and Finance
  • General Business,Management and Accounting

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