Precautionary saving and the notion of ambiguity prudence

C-Tier
Journal: Economics Letters
Year: 2014
Volume: 123
Issue: 2
Pages: 248-251

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:123:y:2014:i:2:p:248-251
Journal Field
General
Author Count
1
Added to Database
2026-01-24