Optimal saving rules for loss-averse agents under uncertainty

DOI10.1016/S0165-1765(02)00113-1MaRDI QIDQ1614805zbMATH OpenFDO

Authors Arjen Siegmann

Publication date 9 September 2002

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://research.vu.nl/ws/files/1755780/01079.pdf

zbMATH Keywords

behavioral value functionconsumption and savingsloss aversion

Mathematics Subject Classification ID

Individual preferences (91B08) Consumer behavior, demand theory (91B42)

Recommendations

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Cites work

• Myopic Loss Aversion and the Equity Premium Puzzle
• Prospect Theory: An Analysis of Decision under Risk

Cited in

(8)

• Optimal saving under Poisson uncertainty
• Optimal attention and heterogeneous precautionary saving behavior
• On probabilities and loss aversion
• Optimal consumption with reference-dependent preferences in on-the-job search and savings
• When expectations become aspirations: reference-dependent preferences and liquidity constraints
• Loss aversion and consumption plans with stochastic reference points
• Degeneracy resolution for bilinear utility functions
• Agency theory and higher-order risk changes

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