uncertainty about future income triggers saving because of loss aversion. We extend their theoretical analysis to also consider …

This paper empirically examines the behavioral precautionary saving hypothesis that uncertainty about future income …

future utility when uncertainty increases over time. The more we know about the future welfare consequences of our (in …)actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting will … preference ; discounting ; uncertainty ; expected utility ; recursive utility ; risk aversion ; intertemporal substitutability …

future utility when uncertainty increases over time. The more we know about the future welfare consequences of our (in …) actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting …