Saving under rank-dependent utility

被引：0
|
作者：
Han Bleichrodt
Louis Eeckhoudt
机构：
[1] Erasmus University,iMTA/iBMG
[2] Catholic Faculties,undefined
来源：
Economic Theory | 2005年 / 25卷
关键词：
Rank-dependent utility; Saving; Prudence; Temperance.;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
In this note we use the rank-dependent utility (RDU) model to analyze saving decisions. The RDU model enables us to separate the effects of pessimism and optimism on saving from that of concavity of the utility function. While pessimism induces more saving, the importance of this effect is shown to depend upon properties of the utility function such as prudence and temperance.
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页码：505 / 511
页数：6
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