An OCE Analysis of the Effect of Uncertainty on Saving Under Risk Preference Independence

DOI10.2307/2297173MaRDI QIDQ4199790zbMATH OpenOpenAlexFDO

Authors Larry Selden

Publication date 1979

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2297173

zbMATH Keywords

capital risksconsumer behaviorexpected utility approachoptimal individual saving decisionsordinal certainty equivalent numeric representation of preferencestwo-period setting

Mathematics Subject Classification ID

Individual preferences (91B08) Group preferences (91B10) Utility theory (91B16)

Cited in

(14)

• Time preferences, conditional risk preference, and two-period cardinal utility
• Uncertain lifetime, risk aversion and intertemporal substitution
• Capital risk and consumption puzzles: A pedagogical note
• Tax rate uncertainty and the sensitivity of consumption to income in an overlapping generations model
• Investment in real assets and information acquisition: The OCE preferences case
• Aggregate savings under quasi-hyperbolic versus exponential discounting
• How do changes in risk and risk aversion affect self-protection with Selden/Kreps-Porteus preferences?
• Price uncertainty, saving, and welfare
• Nonexpected utility preferences in a temporal framework with an application to consumption-savings behaviour
• A note on demand for information: The OCE preferences case
• A measure of the sensitivity of saving to interest rate uncertainty with non-expected preferences
• Stock markets and growth
• Risk neutrality regions
• Portfolio choice with non-expected utility in continuous time

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