LUCIA CASADEMUNT, ANA MARÍA, Georgescu, Irina
No
Int. J. Interact. Multimed. Artif. Intell.
Article
Científica
01/12/2013
000215792700005
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.
Possibility theory; Precautionary saving; Prudence