Saving under rank-dependent utility

被引：0
|
作者：
Han Bleichrodt
Louis Eeckhoudt
机构：
[1] Erasmus University,iMTA/iBMG
[2] Catholic Faculties,undefined
来源：
Economic Theory | 2005年 / 25卷
关键词：
Rank-dependent utility; Saving; Prudence; Temperance.;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
In this note we use the rank-dependent utility (RDU) model to analyze saving decisions. The RDU model enables us to separate the effects of pessimism and optimism on saving from that of concavity of the utility function. While pessimism induces more saving, the importance of this effect is shown to depend upon properties of the utility function such as prudence and temperance.
引用
收藏
页码：505 / 511
页数：6
相关论文
共 50 条
  • [1] Saving under rank-dependent utility
    Bleichrodt, H
    Eeckhoudt, L
    ECONOMIC THEORY, 2005, 25 (02) : 505 - 511
  • [2] Rank-Dependent Utility Under Multiple Priors
    Wang, Fan
    MANAGEMENT SCIENCE, 2022, 68 (11) : 8166 - 8183
  • [3] Source and rank-dependent utility
    Abdellaoui, Mohammed
    Zank, Horst
    ECONOMIC THEORY, 2023, 75 (04) : 949 - 981
  • [4] Optimal insurance under rank-dependent expected utility
    Ghossoub, Mario
    INSURANCE MATHEMATICS & ECONOMICS, 2019, 87 : 51 - 66
  • [5] Source and rank-dependent utility
    Mohammed Abdellaoui
    Horst Zank
    Economic Theory, 2023, 75 : 949 - 981
  • [6] On the Intuition of Rank-Dependent Utility
    Enrico Diecidue
    Peter P. Wakker
    Journal of Risk and Uncertainty, 2001, 23 : 281 - 298
  • [7] On the intuition of rank-dependent utility
    Diecidue, E
    Wakker, PP
    JOURNAL OF RISK AND UNCERTAINTY, 2001, 23 (03) : 281 - 298
  • [8] Interval scalability of rank-dependent utility
    Sokolov, Mikhail V.
    THEORY AND DECISION, 2011, 70 (03) : 255 - 282
  • [9] Optimal insurance under rank-dependent utility and incentive compatibility
    Xu, Zuo Quan
    Zhou, Xun Yu
    Zhuang, Sheng Chao
    MATHEMATICAL FINANCE, 2019, 29 (02) : 659 - 692
  • [10] Medical insurance with rank-dependent utility
    Matthew J. Ryan
    Rhema Vaithianathan
    Economic Theory, 2003, 22 : 689 - 698
12345