Precautionary saving in the large: \(n\)th degree deteriorations in future income

DOI10.1016/j.jmateco.2013.12.004zbMath1297.91151OpenAlexW2004187761MaRDI QIDQ2452229

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

precautionary savingstochastic dominanceprecautionary premiumhigher degree risk increasemean preserving stochastic dominance

Mathematics Subject Classification ID

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

Related Items (7)

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

Cites Work

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• On the utility premium of Friedman and Savage
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• Higher-order generalizations of Arrow-Pratt and Ross risk aversion: a comparative statics approach
• A new interpretation for the precautionary saving motive: a note
• A note on comparative downside risk aversion
• Some Stronger Measures of Risk Aversion in the Small and the Large with Applications
• Risk attitudes and the value of risk transformations
• Risk Aversion in the Small and in the Large

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