Consumption and Saving under Knightian Uncertainty

Jianjun Miao

6 citations0/0 files storedRePEc: Research Papers in Economics

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Decision-Making and Behavioral Economics Financial Literacy, Pension, Retirement Analysis Economic theories and models

Abstract

This paper studies consumption/saving problem under Knightian uncer- tainty in a two period setting. The multiple-priors utility model is adopted. The e®ects of income uncertainty and capital uncertainty on optimal savings are analyzed by deriving closed form solutions.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 6 citations exist upstream.

References

1921Risk, Uncertainty and Profit 1961Risk, Ambiguity, and the Savage Axioms 1989Maxmin expected utility with non-unique prior 1978Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence 1997Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis 1989Precautionary Saving in the Small and in the Large 1968Saving and Uncertainty: The Precautionary Demand for Saving 1958A Theory of the Consumption Function

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.