Revisiting precautionary saving under ambiguity

DOI10.1016/J.ECONLET.2018.11.009MaRDI QIDQ2328533zbMATH OpenOpenAlexFDO

Authors Richard Peter

Publication date 10 October 2019

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2018.11.009

zbMATH Keywords

uncertaintyambiguity aversionnon-expected utilitysavingcomparative statics

Mathematics Subject Classification ID

Decision theory (91B06)

Recommendations

• Precautionary saving and the notion of ambiguity prudence
• New results on precautionary saving and nonlinear risks
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Cites work

• A Smooth Model of Decision Making under Ambiguity
• A simplified axiomatic approach to ambiguity aversion
• Ambiguity and the value of information
• Ambiguity aversion and the propensities for self-insurance and self-protection
• Comparative risk aversion: a formal approach with applications to saving behavior
• Higher-order generalizations of Arrow-Pratt and Ross risk aversion: a comparative statics approach
• On relative and partial risk attitudes: theory and implications
• Ordering ambiguous acts
• Portfolio choices and asset prices: the comparative statics of ambiguity aversion
• Precautionary saving and the notion of ambiguity prudence
• Precautionary saving in the large: \(n\)th degree deteriorations in future income
• Recursive smooth ambiguity preferences
• Risk Aversion in the Small and in the Large
• Risk, ambiguity and the Savage axioms
• Temporal Resolution of Uncertainty and Dynamic Choice Theory

Cited in

(12)

• Optimal saving rules for loss-averse agents under uncertainty
• New results on precautionary saving and nonlinear risks
• Financial innovation, precautionary saving and the risk-free rate
• GENUINE SAVING AND POSITIONAL EXTERNALITIES
• Portfolio allocation problems between risky and ambiguous assets
• Precautionary saving and the notion of ambiguity prudence
• Precautionary saving: a taxonomy of prudence
• Optimal saving under Poisson uncertainty
• Precautionary saving in the large: \(n\)th degree deteriorations in future income
• Optimal attention and heterogeneous precautionary saving behavior
• On the precautionary motive for savings and prudence in the rank-dependent utility framework
• Precautionary saving and fuzzy information

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