the assumptions of non-satiation and bounded marginal utility, prudence implies risk aversion (imprudence implies risk … loving) and that temperance implies prudence (intemperance implies imprudence). The implications of these results for …

of uncertainty on the optimal size of a fish stock is ambiguous, depending on the prudence of the value function. For the …

occurs, which influences the expected marginal utility of wealth. Using concepts of prudence (equivalently, downside risk … depends on risk aversion and prudence with respect to wealth. For the bivariate case (e.g., risk of death or illness), the … adjustment factor depends on risk aversion and cross-prudence in wealth. …

preferences. We show however that the required property is prudence,and prudence is consistent with DARA, IARA or CARA. …

We study risk aversion and prudence in medical treatment decisions. In a laboratory experiment, we investigate the ….3% prevalence rate). Risk aversion accounts for 3/4 of this effect, prudence for 1/4. The medical decision framing does not affect …

. The degree of so-called relative prudence unambiguously decides whether or not the diversification of income risk favours …. Le degré de la soi-disant prudence relative décide sans ambiguïté si la diversification des risques de revenus favorise …