𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Precautionary saving in the presence of other risks

✍ Scribed by Christophe Courbage; Béatrice Rey

Publisher
Springer
Year
2006
Tongue
English
Weight
111 KB
Volume
32
Category
Article
ISSN
0938-2259

No coin nor oath required. For personal study only.

📜 SIMILAR VOLUMES

An analytical approximate solution to th
An analytical approximate solution to the problem of precautionary savings
✍ Gabriel Talmain 📂 Article 📅 1998 🏛 Elsevier Science 🌐 English ⚖ 120 KB

This paper considers the problem of precautionary savings for an expected utility specification with finite horizon. The exact solution is known for only a few cases. Numerical methods have limited applications because of Bellman's 'curse of dimensionality'. This paper derives a simple analytical ap