Precautionary Saving with Selden/Kreps-Porteus Preferences Revisited

This paper re-examines precautionary saving with general Selden/Kreps-Porteus preferences. The conditions existing in the literature are much more complex than in the Expected Utility framework. We obtain a simple and intuitive result on precautionary savings via disentangling time preference and risk preference effects

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Year of publication:	2015
Authors:	Li, Jingyuan
Other Persons:	Wang, Jianli (contributor)
Publisher:	[2015]: [S.l.] : SSRN
Subject:	Sparen \| Savings \| Präferenztheorie \| Theory of preferences \| Vorsichtssparen \| Precautionary saving \| Intertemporale Entscheidung \| Intertemporal choice \| Risikoaversion \| Risk aversion \| Nutzenfunktion \| Utility function

Extent:	1 Online-Ressource (14 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 17, 2014 erstellt
Other identifiers:	10.2139/ssrn.2458316 [DOI]
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; E21 - Consumption; Saving
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013033341