即使是轻率的风险爱好者，也可能会进行预防性储蓄

IF 1.6 4区经济学 Q2 ECONOMICS

Journal of Economics Pub Date : 2024-03-26 DOI:10.1007/s00712-024-00865-y

Marco M. Sorge

{"title":"即使是轻率的风险爱好者，也可能会进行预防性储蓄","authors":"Marco M. Sorge","doi":"10.1007/s00712-024-00865-y","DOIUrl":null,"url":null,"abstract":"<p>Recent developments in dynamic consumption theory have shown that risk-loving agents, much like their risk-averse analogues, can exhibit downside risk aversion (prudence) and thus demand precautionary savings. I complement this finding by showing that risk-seeking preferences also magnify the role of natural borrowing limits in shaping consumers’ behavior, causing risk lovers to increase savings against income uncertainty in cases where risk averters would not: even imprudent risk lovers may engage in precautionary saving.</p>","PeriodicalId":47523,"journal":{"name":"Journal of Economics","volume":"87 1","pages":""},"PeriodicalIF":1.6000,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Even imprudent risk lovers may engage in precautionary saving\",\"authors\":\"Marco M. Sorge\",\"doi\":\"10.1007/s00712-024-00865-y\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>Recent developments in dynamic consumption theory have shown that risk-loving agents, much like their risk-averse analogues, can exhibit downside risk aversion (prudence) and thus demand precautionary savings. I complement this finding by showing that risk-seeking preferences also magnify the role of natural borrowing limits in shaping consumers’ behavior, causing risk lovers to increase savings against income uncertainty in cases where risk averters would not: even imprudent risk lovers may engage in precautionary saving.</p>\",\"PeriodicalId\":47523,\"journal\":{\"name\":\"Journal of Economics\",\"volume\":\"87 1\",\"pages\":\"\"},\"PeriodicalIF\":1.6000,\"publicationDate\":\"2024-03-26\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Economics\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1007/s00712-024-00865-y\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s00712-024-00865-y","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}

引用次数: 0

摘要

动态消费理论的最新发展表明，风险偏好者与风险规避者一样，会表现出下行风险规避（谨慎），从而要求预防性储蓄。作为对这一发现的补充，我的研究表明，风险偏好也会放大自然借贷限制对消费者行为的影响，导致风险偏好者增加储蓄以应对收入的不确定性，而风险规避者则不会这样做：即使是不谨慎的风险偏好者也会进行预防性储蓄。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Even imprudent risk lovers may engage in precautionary saving

Recent developments in dynamic consumption theory have shown that risk-loving agents, much like their risk-averse analogues, can exhibit downside risk aversion (prudence) and thus demand precautionary savings. I complement this finding by showing that risk-seeking preferences also magnify the role of natural borrowing limits in shaping consumers’ behavior, causing risk lovers to increase savings against income uncertainty in cases where risk averters would not: even imprudent risk lovers may engage in precautionary saving.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Journal of Economics ECONOMICS-

CiteScore

1.70

自引率

11.80%

发文量

期刊介绍： Specializing in mathematical economic theory, Journal of Economics focuses on microeconomic theory while also publishing papers on macroeconomic topics as well as econometric case studies of general interest. Regular supplementary volumes are devoted to topics of central importance to both modern theoretical research and present economic reality. Fields of interest: applied economic theory and ist empirical testing.Officially cited as: J Econ