Optimal Saving by Expected Utility Operators

Irina Georgescu, Jani Kinnunen

    Tutkimustuotos: LehtiartikkeliArtikkeliTieteellinenvertaisarvioitu

    1 Sitaatiot (Scopus)

    Abstrakti

    This paper studies an optimal saving model in which risk is represented by a fuzzy number and the total utility function of the model is defined by an expected utility operator. This model generalizes some existing possibilistic saving models and from them, by a particularization, one can obtain new saving models. In the paper, sufficient conditions are set for the presence of potential risk to increase optimal saving levels and an approximation formula for optimal saving is demonstrated. Particular models for a few concrete expected utility operators are analyzed for triangular fuzzy numbers and CRRA-utility functions.
    AlkuperäiskieliEnglanti
    JulkaisuAxioms
    Vuosikerta9
    Numero1
    DOI - pysyväislinkit
    TilaJulkaistu - 2020
    OKM-julkaisutyyppiA1 Julkaistu artikkeli, soviteltu

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