Precautionary Saving in the Small and in the Large
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The theory of precautionary saving is shown in this paper to be isomorphic to the Arrow-Pratt theory of risk aversion, making possible the application of a large body of knowledge about risk aversion to precautionary saving, and more generally, to the theory of optimal choice under risk. In
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美国国家经济研究局创建时间：
1989-02-01
