allows us to establish new general results on the impact of risk aversion on savings behaviors. In particular, we show that … risk aversion enhances precautionary savings, clarifying the link that exists between the notions of prudence and risk …

that riskless savings finances one third of consumption, in line with empirical findings. …

, several (nested) comparison methods are developed. These methods yield a theory of delay aversion which parallels that of risk … aversion. The applied strength of this theory is demonstrated in a variety of dynamic economic settings, including the …

allows us to establish new general results on the impact of risk aversion on savings behaviors. In particular, we show that … risk aversion enhances precautionary savings, clarifying the link that exists between the notions of prudence and risk …

function change. Increasing prudence alone will induce higher savings only if, for certain combinations of the interest rate …

, experimentally elicited loss aversion and precautionary savings. We do so using a sample of 640 individuals from the low … theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals …, and that this increase in savings grows with the degree of loss aversion. Thus, as suggested by Koszegi and Rabin (2009 …