Title |
A Mixed Model of Optimal Saving |
Authors |
Georgescu, Irina , CRISTOBAL CAMPOAMOR, ADOLFO, LUCIA CASADEMUNT, ANA MARÍA |
External publication |
No |
Means |
Adv. Intell. Sys. Comput. |
Scope |
Proceedings Paper |
Nature |
Científica |
Web |
https://www.scopus.com/inward/record.uri?eid=2-s2.0-84976439894&doi=10.1007%2f978-3-319-40111-9_3&partnerID=40&md5=992e199209a3e28dc60b076ef5f184e7 |
Publication date |
01/01/2016 |
ISI |
000389726600003 |
Scopus Id |
2-s2.0-84976439894 |
DOI |
10.1007/978-3-319-40111-9_3 |
Abstract |
This paper proposes a mixed model to study a consumer\'s optimal saving in the presence of two types of risk: income risk and background risk. In this model the income risk is represented by a fuzzy number and the background risk by a random variable. Three notions of precautionary saving are defined as indicators of the extra saving induced by the income and the background risk on the consumer\'s optimal choice. |
Keywords |
Saving; Background risk; Income risk; Possibility theory |
Universidad Loyola members |
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