Résumé
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.
Mots-clés
Ambiguity aversion; Non-expected utility; Uncertainty; Saving; Prudence;
Codes JEL
- D81: Criteria for Decision-Making under Risk and Uncertainty
- D91: Intertemporal Household Choice • Life Cycle Models and Saving
- E21: Consumption • Saving • Wealth
Référence
Loïc Berger, « Precautionary saving and the notion of ambiguity prudence », Economics Letters, Elsevier, vol. 123, n° 2, mai 2014, p. 248–251.
Voir aussi
Publié dans
Economics Letters, Elsevier, vol. 123, n° 2, mai 2014, p. 248–251