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Priming motion events in Italian heritage language speakers: Agents and mechanisms of language change
No full textOn the association of attitudes toward NATO and weapon deliveries for Ukraine with vote intentions in Germany
Get PDFThe differentiated impact of perceived EU regional policy on citizens’ positions on European integration
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Effects of reflective processes on social–emotional trait development in adulthood: Insights from two multi-method studies
Get PDFUnderstanding overplacement in risk perception: Implications for financial resilience
No full textThis policy brief examines overplacement in households’ risk perceptions: overplacement describes the tendency of individuals to underestimate their likelihood of experiencing certain negative financial shocks compared to similar households. Using data from a randomized survey experiment, we find significant overplacement bias, especially for households with lower financial literacy. This bias can undermine crisis preparedness and lead to inadequate financial planning. Our findings also reveal that households with past experience of economic hardship show stronger risk awareness. These two findings underscore the critical role of both financial literacy and experience for building resilience. To mitigate overplacement and strengthen financial stability, we recommend targeted financial literacy programs focused on risk awareness, particularly for vulnerable groups, to help households build greater resilience against future economic hardship
