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A Mixed Model of Optimal Saving

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Decision Economics, In Commemoration of the Birth Centennial of Herbert A. Simon 1916-2016 (Nobel Prize in Economics 1978)

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 475))

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Abstract

This paper proposes a mixed model to study a consumer’s optimal saving in the presence of two types of risk: income risk and background risk. In this model the income risk is represented by a fuzzy number and the background risk by a random variable. Three notions of precautionary saving are defined as indicators of the extra saving induced by the income and the background risk on the consumer’s optimal choice.

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Author information

Authors and Affiliations

  1. DICE, Academy of Economic Studies, Bucharest, Romania

    Irina Georgescu

  2. Department of Economics, Universidad Loyola–Andalucía, Seville, Spain

    Adolfo Cristóbal–Campoamor

  3. Department of Quantitative Methods, Universidad Loyola–Andalucia, 14004, Cordoba, Spain

    Ana María Lucia Casademunt

Authors
  1. Irina Georgescu
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  2. Adolfo Cristóbal–Campoamor
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  3. Ana María Lucia Casademunt
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Corresponding author

Correspondence to Irina Georgescu .

Editor information

Editors and Affiliations

  1. University of Chieti-Pescara, Pescara, Italy

    Edgardo Bucciarelli

  2. Dept of Economical-Statistical and PES, University of Chieti-Pescara, Pescara, Italy

    Marcello Silvestri

  3. Fac Ciencias, Dept de Info y Automática, Universidad de Salamanca, Salamanca, Spain

    Sara Rodríguez González

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© 2016 Springer International Publishing Switzerland

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Georgescu, I., Cristóbal–Campoamor, A., Casademunt, A.M.L. (2016). A Mixed Model of Optimal Saving. In: Bucciarelli, E., Silvestri, M., Rodríguez González, S. (eds) Decision Economics, In Commemoration of the Birth Centennial of Herbert A. Simon 1916-2016 (Nobel Prize in Economics 1978). Advances in Intelligent Systems and Computing, vol 475. Springer, Cham. https://doi.org/10.1007/978-3-319-40111-9_3

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  • DOI: https://doi.org/10.1007/978-3-319-40111-9_3

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-40110-2

  • Online ISBN: 978-3-319-40111-9

  • eBook Packages: EngineeringEngineering (R0)

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