Author: Alexander Ludwig

A Life-Cycle Model with Ambiguous Survival Beliefs
On average, young people underestimate whereas old people overestim...
24 October 2014
Working Paper
Biased Bayesian Learning with an Application to the Risk-Free Rate Puzzle
Based on the axiomatic framework of Choquet decision theory, we dev...
6 November 2013
Working Paper
A decision-theoretic model of asset-price underreaction and overreaction to dividend news
We combine new developments in decision theory with a standard cons...
26 September 2012
Working Paper
On attitude polarization under Bayesian learning with non-additive beliefs
Ample psychological evidence suggests that people’s learning behavi...
20 September 2012
Working Paper
A parsimonious model of subjective life expectancy
This paper develops a theoretical model for the formation of subjec...
20 September 2012
Working Paper