LUCIA CASADEMUNT, ANA MARÍA, Georgescu I.

No

Adv. Intell. Sys. Comput.

Article

Científica

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https://www.scopus.com/inward/record.uri?eid=2-s2.0-84891060103&doi=10.1007%2f978-3-319-00551-5_8&partnerID=40&md5=c609b666c96de5e2f8e13e47ce265b44

01/01/2013

2-s2.0-84891060103

10.1007/978-3-319-00551-5_8

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 risk (represented by a fuzzy number) influences a consumer in establishing the level of optimal saving. The equivalence between the prudence condition (in the sense of Kimball) and a positive possibilistic precautionary saving is proved. Some relations between possibilistic risk aversion, prudence and possibilistic precautionary saving are established. © Springer International Publishing Switzerland 2013.

Artificial intelligence; Fuzzy sets; Risk assessment; Fuzzy numbers; Possibilistic; Possibility theory; Precautionary saving; Prudence; Risk aversion; Optimization