TY - JOUR
KW - Possibility
KW - Precautionary
KW - Saving
KW - Theory
AU - Ana María Lucia Casademunt
AU - Irina Georgescu
AB - 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.
IS - Regular Issue
M1 - 4
N2 - 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.
PY - 2013
SP - 38
EP - 45
T2 - International Journal of Interactive Multimedia and Artificial Intelligence
TI - Connecting Possibilistic Prudence and Optimal Saving
UR - http://www.ijimai.org/journal/sites/default/files/files/2013/10/ijimai20132_4_4_pdf_10239.pdf
VL - 2
SN - 1989-1660
ER -