Precautionary saving with Selden/Kreps-Porteus preferences revisited

Jingyuan LI, Jianli WANG

Research output: Other contributionOther outputsResearchpeer-review


This paper re-examines precautionary saving with general Selden/Kreps-Porteus preferences. The conditions existing in the literature are much more complex than in the Expected Utility framework. We obtain a simple and intuitive result on precautionary savings via disentangling time preference and risk preference effects.
Original languageEnglish
Publication statusPublished - 17 Sep 2014

Publication series

NameSocial Science Research Network


  • Precautionary saving
  • Prudence
  • Selden/Kreps-Porteus Preferences


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