猜,数学,还是别的?非专业人士评估年金价值的过程

IF 1.8 3区 心理学 Q3 PSYCHOLOGY, APPLIED
Thomas Post
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引用次数: 0

摘要

长期以来,研究人员一直试图了解人们不喜欢年金的原因。在这里,我们调查了个人评估年金财务价值的过程是否会导致他们不准确地评估年金。在研究1中,参与者被要求评估与特定年金一次性付款相关的每月付款或与特定每月付款相关的年金一次性付款。然后他们被要求描述他们是如何得出答案的。我们发现,在做这个评估时,42%的参与者报告说他们尝试使用数学,有些人甚至描述了数学公式。大多数其他参与者都说是猜测。在财务知识和计算能力较高的参与者中,报告数学方面的尝试更为常见。据报道,在数学、金融知识和计算能力方面的尝试,预示着为年金提供更现实的财务价值,并将预期寿命的评估纳入数学。基于这一过程知识,我们随后在研究2中设计了一个实验,并测试了提供有关预期寿命的信息、提供有关支出或其组合的反馈的效果。我们发现,我们可以因此改变年金的评估财务价值,并增加参与者对年金的兴趣,特别是那些报告试图使用数学的参与者。了解个人用来评估年金价值的过程有助于理论和实践。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Guessing, math, or something else? Lay people's processes for valuing annuities

Researchers have long been trying to understand why individuals dislike annuities. Here, we investigate if the process individuals use to assess the financial value of annuities may lead them to inaccurately value annuities. In Study 1, participants were asked to assess the monthly payments associated with a specific annuity lump sum or the annuity lump sum associated with a specific monthly payment. They were then asked to describe how they arrived at their answers. We find that when making this assessment, 42% of participants report attempts at using math, with some even describing mathematical formulas. Most other participants reported guessing instead. Reporting attempts at math is more common among participants with higher financial literacy and numeracy. Reported attempts at math, financial literacy, and numeracy predict arriving at more realistic financial values for annuities, as well as incorporating assessments of life expectancy in the math. Based on this process knowledge, we then designed an experiment in Study 2 and tested the effect of presenting information about life expectancy, providing feedback about payouts or their combination. We find that we can thereby change the assessed financial value of annuities and increase participants' interest in annuities, especially among participants that reported attempts at using math. Understanding the processes individuals use to assess the value of annuities informs theory and practice.

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来源期刊
CiteScore
4.40
自引率
5.00%
发文量
40
期刊介绍: The Journal of Behavioral Decision Making is a multidisciplinary journal with a broad base of content and style. It publishes original empirical reports, critical review papers, theoretical analyses and methodological contributions. The Journal also features book, software and decision aiding technique reviews, abstracts of important articles published elsewhere and teaching suggestions. The objective of the Journal is to present and stimulate behavioral research on decision making and to provide a forum for the evaluation of complementary, contrasting and conflicting perspectives. These perspectives include psychology, management science, sociology, political science and economics. Studies of behavioral decision making in naturalistic and applied settings are encouraged.
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