predicting retirement savings using survey measures ofexponential-growth bias and present bias online appendix

1 answer:

7 0

predicting retirement savings using survey measures of exponential-growth bias and present bias online appendix, Both PB, the propensity to prioritize the present above the future, and the tendency to overlook compounding are very significant and economically relevant predictors of retirement savings. These connections persist even after accounting for factors like cognitive capacity, financial knowledge, and a variety of demographic factors.

What is present bias online appendix?

When weighing trade-offs between two future events, people have a tendency to assign more weight to payoffs that are closer to the present time.

Therefore,

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The answer is D. <span>Cannot be determined from the information given
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Answer:

having lower overhead costs.

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Robert started his company in his mother's garage so he did not have to pay rent or lease at the initial stage of his business. This gave him the opportunity to put his finances in essential aspects of his business.

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D and E were partnership sharing profit and loss equally. They admit F as a partner who will share 1/4 of the future profit, whi

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ANSWER:
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We can start by transferring the rate at which D and E split the profit and loss equally.

Since they both get one half, D and E are represented by 1/2 or 50%

The equation for their portions is 1 = D + E

The new partner, F, takes 1/4 of the total profit

1 - 1/4 = F
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Next, we can determine how much of the loss and profits go to D and E

Since D and E are equal, we can sub D in for E

3/4 = D + E
3/4 = D + D
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3/4/2 =D
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The ratio is 3/8: 3/8: 1/4

To get rid of fractions, multiple everything by 8:

3: 3: 2

Therefore, the ratio of D:E:F is 3:3:2

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