Comparative risk aversion: a formal approach with applications to saving behavior (Q435921): Difference between revisions
From MaRDI portal
Created a new Item |
ReferenceBot (talk | contribs) Changed an Item |
||
(5 intermediate revisions by 5 users not shown) | |||
Property / review text | |||
The authors consider a formal approach to comparative risk aversion and apply it in three main directions. First, they discuss the extent to which standard classes of utility functions are well ordered in terms of risk aversion. Second, they discuss the role of risk aversion without focusing on any specific model of rationality. Third, they apply the setup to establish new general results on the role of risk aversion. In particular, they show that risk aversion enhances precautionary savings, clarifying the link between risk aversion and prudence. | |||
Property / review text: The authors consider a formal approach to comparative risk aversion and apply it in three main directions. First, they discuss the extent to which standard classes of utility functions are well ordered in terms of risk aversion. Second, they discuss the role of risk aversion without focusing on any specific model of rationality. Third, they apply the setup to establish new general results on the role of risk aversion. In particular, they show that risk aversion enhances precautionary savings, clarifying the link between risk aversion and prudence. / rank | |||
Normal rank | |||
Property / reviewed by | |||
Property / reviewed by: Pavel Stoynov / rank | |||
Normal rank | |||
Property / Mathematics Subject Classification ID | |||
Property / Mathematics Subject Classification ID: 91B08 / rank | |||
Normal rank | |||
Property / Mathematics Subject Classification ID | |||
Property / Mathematics Subject Classification ID: 91B82 / rank | |||
Normal rank | |||
Property / Mathematics Subject Classification ID | |||
Property / Mathematics Subject Classification ID: 91B30 / rank | |||
Normal rank | |||
Property / Mathematics Subject Classification ID | |||
Property / Mathematics Subject Classification ID: 91B16 / rank | |||
Normal rank | |||
Property / zbMATH DE Number | |||
Property / zbMATH DE Number: 6055207 / rank | |||
Normal rank | |||
Property / zbMATH Keywords | |||
risk aversion | |||
Property / zbMATH Keywords: risk aversion / rank | |||
Normal rank | |||
Property / zbMATH Keywords | |||
saving behavior | |||
Property / zbMATH Keywords: saving behavior / rank | |||
Normal rank | |||
Property / zbMATH Keywords | |||
precautionary savings | |||
Property / zbMATH Keywords: precautionary savings / rank | |||
Normal rank | |||
Property / zbMATH Keywords | |||
utility function | |||
Property / zbMATH Keywords: utility function / rank | |||
Normal rank | |||
Property / Wikidata QID | |||
Property / Wikidata QID: Q62629996 / rank | |||
Normal rank | |||
Property / MaRDI profile type | |||
Property / MaRDI profile type: MaRDI publication profile / rank | |||
Normal rank | |||
Property / full work available at URL | |||
Property / full work available at URL: https://doi.org/10.1016/j.jet.2010.10.015 / rank | |||
Normal rank | |||
Property / OpenAlex ID | |||
Property / OpenAlex ID: W3021786409 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: A Definition of Subjective Probability / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Descriptive statistics for non-parametric models. III: Dispersion / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Saving under rank-dependent utility / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Four notions of mean-preserving increase in risk, risk attitudes and applications to the rank-dependent expected utility model / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Nonexpected utility preferences in a temporal framework with an application to consumption-savings behaviour / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Q5615833 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Ambiguity made precise: A comparative foundation / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Increasing uncertainty: a definition / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Risk Aversion and the Choice Between Risky Prospects: The Preservation of Comparative Statics Results / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Temporal Resolution of Uncertainty and Dynamic Choice Theory / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: A measure of the sensitivity of saving to interest rate uncertainty with non-expected preferences / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Q4902563 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Convex functions and their applications. A contemporary approach / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Risk Aversion in the Small and in the Large / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: A New Representation of Preferences over "Certain x Uncertain" Consumption Pairs: The "Ordinal Certainty Equivalent" Hypothesis / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: The Dual Theory of Choice under Risk / rank | |||
Normal rank | |||
links / mardi / name | links / mardi / name | ||
Latest revision as of 11:45, 5 July 2024
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Comparative risk aversion: a formal approach with applications to saving behavior |
scientific article |
Statements
Comparative risk aversion: a formal approach with applications to saving behavior (English)
0 references
13 July 2012
0 references
The authors consider a formal approach to comparative risk aversion and apply it in three main directions. First, they discuss the extent to which standard classes of utility functions are well ordered in terms of risk aversion. Second, they discuss the role of risk aversion without focusing on any specific model of rationality. Third, they apply the setup to establish new general results on the role of risk aversion. In particular, they show that risk aversion enhances precautionary savings, clarifying the link between risk aversion and prudence.
0 references
risk aversion
0 references
saving behavior
0 references
precautionary savings
0 references
utility function
0 references
0 references
0 references
0 references
0 references