Precautionary saving and the notion of ambiguity prudence

DOI10.1016/j.econlet.2014.02.019zbMath1293.91063OpenAlexW2016262067MaRDI QIDQ2452993

Loïc Berger

Publication date: 6 June 2014

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://dipot.ulb.ac.be/dspace/bitstream/2013/151853/1/2013-42-BERGER-precautionary.pdf

zbMATH Keywords

uncertaintynon-expected utilityprudenceambiguity aversionsavingtwo-period model

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16)

Related Items (3)

The impact of ambiguity and prudence on prevention decisions ⋮ Testing constant absolute and relative ambiguity aversion ⋮ Revisiting precautionary saving under ambiguity

Cites Work

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• Recursive smooth ambiguity preferences
• Risk, Ambiguity, and the Savage Axioms
• Choosing Between Risky Prospects: The Characterization of Comparative Statics Results, and Location Independent Risk
• Temporal Resolution of Uncertainty and Dynamic Choice Theory
• A New Representation of Preferences over "Certain x Uncertain" Consumption Pairs: The "Ordinal Certainty Equivalent" Hypothesis
• A Smooth Model of Decision Making under Ambiguity

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