Search Results - subject:"utility smoothing"

Nash reversion revisited : implications of gain/loss asymmetry

Sekiguchi, Tadashi; Wakai, Katsutoshi - 2025

Persistent link: https://www.econbiz.de/10015332557

Advances and applications of experimental measures to test behavioral saving theories and a method to increase efficiency in binary and multiple treatment assignment

Schneider, Sebastian O. - 2017

This dissertation presents four independent papers that advance experimental methods and test theories on saving using experimentally elicited characteristics. The first two papers test two behavioral theories on precautionary saving based on the characteristics loss aversion and prudence by...

Persistent link: https://www.econbiz.de/10012260367

Intertemporal utility smoothing under uncertainty

Wakai, Katsutoshi - In: Theory and Decision 74 (2013) 2, pp. 285-310

This paper axiomatizes a recursive utility model that captures both intertemporal utility smoothing defined across time …:137–153, <CitationRef CitationID="CR18">2008</CitationRef>) model of intertemporal utility smoothing as an aggregator function, where the … utility smoothing from ambiguity aversion. Copyright Springer Science+Business Media New York 2013 …

Persistent link: https://www.econbiz.de/10010988760

An alternative axiomatization of intertemporal utility smoothing

Wakai, Katsutoshi - In: Economics Letters 119 (2013) 2, pp. 224-227

We propose an alternative axiomatization of the model of intertemporal utility smoothing suggested by Wakai (2008 …

Persistent link: https://www.econbiz.de/10010664135

An infinite-horizon model of nonmonotone utility smoothing

Wakai, Katsutoshi - In: Economics Letters 116 (2012) 2, pp. 170-173

We provide an infinite-horizon model of nonmonotone intertemporal preferences that capture a strong dislike of volatility involved in a utility sequence. As an intermediate result, we also derive a nonmonotone version of multiple-priors utility.

Persistent link: https://www.econbiz.de/10010597208