Nicole Brunhart, "Individual Financial Planning for Retirement: Empirical Insights from the Affluent Segment in Germany"
Ph ica-Ve ag Heid berg | 2008 | ISBN: 3790819972 | PDF | 443 pages | 3 MB
Over time, the responsibility for providing for a financially secure retirement has shifted more towards the individual. A number of implicit assumptions about perspectives, behavior, and individual choices underlie this shift. These assumptions presume that individuals are well-informed and reason unemotionally; that they process information correctly; and that they take rational decisions and act to maximize their own welfare. Empirical evidence, however, shows that such maxims do not often guide individuals actual behavior.
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