对差异变化风险的偏好

IF 1.4 Q3 SOCIAL SCIENCES, MATHEMATICAL METHODS
Marzia De Donno, Mario Menegatti
{"title":"对差异变化风险的偏好","authors":"Marzia De Donno, Mario Menegatti","doi":"10.1007/s10203-024-00474-w","DOIUrl":null,"url":null,"abstract":"<p>This paper studies the linkages between different aspects of preferences in the presence of risk increases of different degrees in the variance of consumption. We find that the effects on expected utility of risk increases in variance of consecutive degrees are in opposite directions. Applying this result to saving choice when either labour income or the interest rate is random, we obtain that the effects on the optimal level of saving of risk increases in variance of subsequent degrees are in opposite directions. Lastly, similar results are obtained for risk increases in the variance of the variance of consumption.</p>","PeriodicalId":43711,"journal":{"name":"Decisions in Economics and Finance","volume":null,"pages":null},"PeriodicalIF":1.4000,"publicationDate":"2024-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Preferences over risk changes in variance\",\"authors\":\"Marzia De Donno, Mario Menegatti\",\"doi\":\"10.1007/s10203-024-00474-w\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>This paper studies the linkages between different aspects of preferences in the presence of risk increases of different degrees in the variance of consumption. We find that the effects on expected utility of risk increases in variance of consecutive degrees are in opposite directions. Applying this result to saving choice when either labour income or the interest rate is random, we obtain that the effects on the optimal level of saving of risk increases in variance of subsequent degrees are in opposite directions. Lastly, similar results are obtained for risk increases in the variance of the variance of consumption.</p>\",\"PeriodicalId\":43711,\"journal\":{\"name\":\"Decisions in Economics and Finance\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":1.4000,\"publicationDate\":\"2024-08-07\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Decisions in Economics and Finance\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1007/s10203-024-00474-w\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"SOCIAL SCIENCES, MATHEMATICAL METHODS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Decisions in Economics and Finance","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1007/s10203-024-00474-w","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"SOCIAL SCIENCES, MATHEMATICAL METHODS","Score":null,"Total":0}
引用次数: 0

摘要

本文研究了在消费方差不同程度地增加风险的情况下,偏好的不同方面之间的联系。我们发现,风险方差连续增加对预期效用的影响是相反的。将这一结果应用于劳动收入或利率随机时的储蓄选择时,我们会发现,风险连续增加对最佳储蓄水平的影响是相反的。最后,消费方差的风险增加也得到了类似的结果。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Preferences over risk changes in variance

This paper studies the linkages between different aspects of preferences in the presence of risk increases of different degrees in the variance of consumption. We find that the effects on expected utility of risk increases in variance of consecutive degrees are in opposite directions. Applying this result to saving choice when either labour income or the interest rate is random, we obtain that the effects on the optimal level of saving of risk increases in variance of subsequent degrees are in opposite directions. Lastly, similar results are obtained for risk increases in the variance of the variance of consumption.

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
Decisions in Economics and Finance
Decisions in Economics and Finance SOCIAL SCIENCES, MATHEMATICAL METHODS-
CiteScore
2.50
自引率
9.10%
发文量
10
期刊介绍: Decisions in Economics and Finance: A Journal of Applied Mathematics is the official publication of the Association for Mathematics Applied to Social and Economic Sciences (AMASES). It provides a specialised forum for the publication of research in all areas of mathematics as applied to economics, finance, insurance, management and social sciences. Primary emphasis is placed on original research concerning topics in mathematics or computational techniques which are explicitly motivated by or contribute to the analysis of economic or financial problems.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信