Name
Abstract | ||
|---|---|---|
In this paper we study the optimal saving problem in the framework of possibility theory. The notion of possibilistic precautionary saving is introduced as a measure of the way the presence of possibilistic risk (represented by a fuzzy number) influences a consumer in establishing the level of optimal saving. The notion of prudence of an agent in the face of possibilistic risk is defined and the equivalence between the prudence condition and a positive possibilistic precautionary saving is proved. Some relations between possibilistic risk aversion, prudence and possibilistic precautionary saving were established. |
Year | DOI | Venue |
|---|---|---|
2013 | 10.9781/ijimai.2013.244 | INTERNATIONAL JOURNAL OF INTERACTIVE MULTIMEDIA AND ARTIFICIAL INTELLIGENCE |
Keywords | Field | DocType |
Possibility theory, Precautionary saving, Prudence | Mathematical economics,Prudence,Expected utility hypothesis,Computer science,Possibility theory,Equivalence (measure theory),Inequality,Artificial intelligence,Risk aversion,Fuzzy number,Machine learning | Journal |
Volume | Issue | ISSN |
2 | 4 | 1989-1660 |
Citations | PageRank | References |
0 | 0.34 | 1 |
Authors | ||
2 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Ana María Lucia Casademunt | 1 | 2 | 0.79 |
| Irina Georgescu | 2 | 79 | 15.48 |