Precautionary saving and the notion of ambiguity prudence

被引：17
|
作者：
Berger, Loic [1 ,2 ]
机构：
[1] Univ Libre Brussels, B-1050 Brussels, Belgium
[2] Toulouse Sch Econ, F-31015 Toulouse, France
来源：
ECONOMICS LETTERS | 2014年 / 123卷 / 02期
关键词：
Ambiguity aversion; Non-expected utility; Uncertainty; Saving; Prudence; UNCERTAINTY; DECISIONS; RISK;
D O I：
10.1016/j.econlet.2014.02.019
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This letter develops a set of simple conditions under which an individual is willing to save an extra amount of money due to the presence of ambiguity concerning his second period wealth. This extra precautionary saving motive is naturally associated with the notion of ambiguity prudence. (C) 2014 Elsevier B.V. All rights reserved.
引用
收藏
页码：248 / 251
页数：4
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