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Nudging durch Debiasing in der freiwilligen Altersvorsorgeplanung: Emotionsregulation als Grundlage für verhaltensbasierte Basisinformationsblätter

Author

Listed:
  • Thomas Hartung
  • Carl-Georg Christoph Luft

Abstract

The implementation of standardized key information documents at the beginning of 2018 targets the understanding and comparability of the characteristics of packaged retail investment and insurance-based products (PRIIP). Current regulatory standards do not consider any behavioral biases of the retirement planning phase. This may, however, endanger the achievement of the PRIIP regulatory objective triad. Context-specific causes of behavioral anomalies are identified and behavioral biases are embedded into a behavioral scientific theoretical framework by this article. Finally, theoretical connecting factors for a holistic and behaviorally informed development of effective presentation standards of insurance investment products are derived. Die Einführung standardisierter Basisinformationsblätter zu Beginn des Jahres 2018 zielt darauf ab, die Eigenschaften verpackter Anlageprodukte für Kleinanleger/-innen und Versicherungsanlageprodukte (PRIIP) verständlich und vergleichbar zu machen. Die derzeitigen Regulierungsstandards berücksichtigen jedoch keine der in der freiwilligen Altersvorsorgeplanung auftretenden Verhaltensanomalien. Dies kann dazu führen, dass die Zieltriade der Regulierung der PRIIP nicht erreicht wird. In diesem Artikel werden die kontextspezifischen Ursachen von Verhaltensanomalien identifiziert und die behavioristischen Verzerrungen in ein verhaltenswissenschaftliches Theoriegefüge eingebettet. Sodann werden theoretische Anknüpfungspunkte für eine holistische verhaltensbasierte Entwicklung effektiver Darstellungsstandards von Versicherungsanlageprodukten abgeleitet.

Suggested Citation

  • Thomas Hartung & Carl-Georg Christoph Luft, 2018. "Nudging durch Debiasing in der freiwilligen Altersvorsorgeplanung: Emotionsregulation als Grundlage für verhaltensbasierte Basisinformationsblätter," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 87(2), pages 47-64.
    • Handle: RePEc:diw:diwvjh:87-2-4
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    More about this item

    Keywords

    Key information documents; decision-making under risk; PRIIP regulation; behavioral insurance;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection

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