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Smokers’ life expectancy and annuitization decisions | Abigail Hurwitz Ph.d

Smokers’ life expectancy and annuitization decisions

Citation:

Abigail Hurwitz and Sade, Orly . 2021. “Smokers&Rsquo; Life Expectancy And Annuitization Decisions”. In Behavioral Finance: A Novel Approach, Pp. 349–364. World Scientific.

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.
Last updated on 08/15/2021