Precautionary saving in the large: nth degree deteriorations in future income

DOI10.1016/J.JMATECO.2013.12.004MaRDI QIDQ2452229zbMATH OpenOpenAlexFDO

Authors Liqun Liu

Publication date 2 June 2014

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2013.12.004

zbMATH Keywords

stochastic dominanceprecautionary savingprecautionary premiumhigher degree risk increasemean preserving stochastic dominance

Mathematics Subject Classification ID

Decision theory (91B06) Financial applications of other theories (91G80)

Recommendations

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• Precautionary saving and aggregate demand

Cites work

• scientific article; zbMATH DE number 3342731 (Why is no real title available?)
• A new interpretation for the precautionary saving motive: a note
• A note on comparative downside risk aversion
• Comparative higher-degree Ross risk aversion
• Higher-order generalizations of Arrow-Pratt and Ross risk aversion: a comparative statics approach
• On the utility premium of Friedman and Savage
• Risk Aversion in the Small and in the Large
• Risk attitudes and the value of risk transformations
• Some Stronger Measures of Risk Aversion in the Small and the Large with Applications
• Stronger measures of higher-order risk attitudes
• Substituting one risk increase for another: a method for measuring risk aversion

Cited in

(8)

• An interpretation of the condition for precautionary saving: the case of greater higher-order interest rate risk
• Precautionary risk-reduction and saving decisions: two sides of the same coin?
• Changes in risk and strategic interaction
• A general theory of risk apportionment
• Willingness to pay for stochastic improvements of future risk under different risk aversion
• Comparing utility derivative premia under additive and multiplicative risks
• Revisiting precautionary saving under ambiguity
• Greater Arrow-Pratt (absolute) risk aversion of higher orders

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