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   Articles with "prudence" as a keyword



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Adam Smith’s Theory of Prudence Updated with Neuroscientific and Behavioral Evidence

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recommendations! Published in 2017 at "Neuroethics"

DOI: 10.1007/s12152-017-9332-9

Abstract: Other-perspective taking (OPT), distancing, time discounting as well as risk and loss aversion highly affect decision-making. Even though they influence each other, so far these cognitive processes have been unrelated or only partly related to… read more here.

Keywords: theory; prudence; adam smith; evidence ... See more keywords
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Precautionary saving: A taxonomy of prudence

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recommendations! Published in 2017 at "Economics Letters"

DOI: 10.1016/j.econlet.2016.10.029

Abstract: We extend Gunning (2010) by analyzing the effect of risk on saving. We derive a general prudence index that determines the threshold for the future risk that makes saving increase. We relate our results to… read more here.

Keywords: prudence; saving taxonomy; taxonomy prudence; precautionary saving ... See more keywords
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The prevalence of prudence in a risky occupation

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recommendations! Published in 2021 at "Economics Letters"

DOI: 10.1016/j.econlet.2021.110019

Abstract: Abstract In this paper I present the first experimental measurement of prudence with a subject pool that is active in a high-risk occupation. Using a lab-in-the-field experiment I measure the prevalence of prudent preferences among… read more here.

Keywords: prudence; prevalence prudence; prudence risky; risky occupation ... See more keywords
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Prudence attitude and limited participation

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recommendations! Published in 2021 at "Economic Modelling"

DOI: 10.1016/j.econmod.2021.105534

Abstract: Abstract This paper examined how the trading behavior of individuals is altered by their attitudes toward objective probabilities. To this end, we adopted anticipated utility (combined with the Wang transform) to model market participants' wellbeing… read more here.

Keywords: attitude limited; ambiguity; prudence; trading behavior ... See more keywords