This page has only limited features, please log in for full access.

Dr. Irina Georgescu
Bucharest University of Economic Studies

Basic Info


Research Keywords & Expertise

0 Choice Modeling
0 Econometrics
0 Risk Analysis
0 Social Inequality
0 Data Science/Machine Learning

Honors and Awards

The user has no records in this section


Career Timeline

The user has no records in this section.


Short Biography

The user biography is not available.
Following
Followers
Co Authors
Profile ImageLaerte Sorini University of Urbino Carlo B...
Profile ImageMaria Letizia Guerra Department of Statistical Sc...
Following: 3 users
View all

Feed

Journal article
Published: 01 March 2021 in Journal of International Studies
Reads 0
Downloads 0
ACS Style

Armenia Androniceanu; Jani Kinnunen; Irina Georgescu. Circular economy as a strategic option to promote sustainable economic growth and effective human development. Journal of International Studies 2021, 14, 60 -73.

AMA Style

Armenia Androniceanu, Jani Kinnunen, Irina Georgescu. Circular economy as a strategic option to promote sustainable economic growth and effective human development. Journal of International Studies. 2021; 14 (1):60-73.

Chicago/Turabian Style

Armenia Androniceanu; Jani Kinnunen; Irina Georgescu. 2021. "Circular economy as a strategic option to promote sustainable economic growth and effective human development." Journal of International Studies 14, no. 1: 60-73.

Conference paper
Published: 05 January 2021 in Sustainable Transport Development, Innovation and Technology
Reads 0
Downloads 0

This paper addresses the progress of digital skills and technologies and their impact on well-being, income inequality and competitiveness of world countries. In future, the digital progress will contribute to an increase in technology, capital, and finally, production. The digital progress is unequally distributed among world countries. Even if economic growth has raised the living level of world population, income inequality has increased. Social stability potentially could be threatened by this phenomenon. In this paper we will study 121 countries according to their capacity to adopt the latest digital technologies, i.e. how their level of digitalization influences their competitiveness and other indicators, such as human development index, HDI, GDP per capita, and the income distribution measured by Gini index. The associations of digitalization, competitiveness, GDP and inequality are analyzed further to find out the mechanics and potential causal directions. The dataset is acquired from the databases of the World Bank and the United Nations. The methodology consists in two phases. Firstly, cluster analysis is used to divide the world countries into three groups and, secondly, canonical correlation analysis is applied to find the dominant attributes and their correlations with other attributes. The results suggest, for instance, that the digitalization and income equality go hand-in-hand and digital skills are significant predictors of competitiveness, GDP, HDI, as well as inequality.

ACS Style

Irina Georgescu; Jani Kinnunen. The Digital Effectiveness on Economic Inequality: A Computational Approach. Sustainable Transport Development, Innovation and Technology 2021, 223 -239.

AMA Style

Irina Georgescu, Jani Kinnunen. The Digital Effectiveness on Economic Inequality: A Computational Approach. Sustainable Transport Development, Innovation and Technology. 2021; ():223-239.

Chicago/Turabian Style

Irina Georgescu; Jani Kinnunen. 2021. "The Digital Effectiveness on Economic Inequality: A Computational Approach." Sustainable Transport Development, Innovation and Technology , no. : 223-239.

Journal article
Published: 01 January 2021 in Entrepreneurial Business and Economics Review
Reads 0
Downloads 0
ACS Style

Jani Kinnunen; Irina Georgescu; Zahra Hosseini; Ane-Mari Androniceanu. Dynamic indexing and clustering of government strategies to mitigate Covid-19. Entrepreneurial Business and Economics Review 2021, 9, 7 -20.

AMA Style

Jani Kinnunen, Irina Georgescu, Zahra Hosseini, Ane-Mari Androniceanu. Dynamic indexing and clustering of government strategies to mitigate Covid-19. Entrepreneurial Business and Economics Review. 2021; 9 (2):7-20.

Chicago/Turabian Style

Jani Kinnunen; Irina Georgescu; Zahra Hosseini; Ane-Mari Androniceanu. 2021. "Dynamic indexing and clustering of government strategies to mitigate Covid-19." Entrepreneurial Business and Economics Review 9, no. 2: 7-20.

Journal article
Published: 31 December 2020 in Journal of Competitiveness
Reads 0
Downloads 0

Achieving a competitive economy and a competitive market generally proceeds from the desire to meet economic and social objectives and it ensures a growing level of social welfare. The objectives of our research are to determine and highlight the bidirectional linear correlations among competitiveness, well-being and innovation and to analyze the main factors that influence these relations. Our research includes the EU member states and the UK using these countries’ specific indicators from the databases of EUROSTAT, the World Economic Forum and the United Nations from 2016-2018. We used Canonical Correlation Analysis to determine a set of canonical variates which represent linear combinations of the variables from each set. The contributions of our research show a direct and strong link among the three pillars of competitiveness, innovation and well-being. This analysis allowed us to identify and analyze the influence of innovation on the economic development and competitiveness of each EU country and on the well-being of its population. Governments and organizations that invest more in research in terms of innovation to increase the competitiveness of their products and services have shown a growing GDP and a higher level of population well-being. This research is representative at the European level and may influence the decisions of national governments and other institutions to encourage innovation through drivers such as R&D expenditures and human resources as the main factors generating economic growth and competitiveness, thus with a direct effect on GDP and on well-being.

ACS Style

Ane-Mari Androniceanu; Jani Kinnunen; Irina Georgescu; Armenia Androniceanu. A Multidimensional Approach to Competitiveness, Innovation and Well-Being in the EU Using Canonical Correlation Analysis. Journal of Competitiveness 2020, 12, 5 -21.

AMA Style

Ane-Mari Androniceanu, Jani Kinnunen, Irina Georgescu, Armenia Androniceanu. A Multidimensional Approach to Competitiveness, Innovation and Well-Being in the EU Using Canonical Correlation Analysis. Journal of Competitiveness. 2020; 12 (4):5-21.

Chicago/Turabian Style

Ane-Mari Androniceanu; Jani Kinnunen; Irina Georgescu; Armenia Androniceanu. 2020. "A Multidimensional Approach to Competitiveness, Innovation and Well-Being in the EU Using Canonical Correlation Analysis." Journal of Competitiveness 12, no. 4: 5-21.

Journal article
Published: 27 November 2020 in Administratie si Management Public
Reads 0
Downloads 0

The use of advanced ICT technologies and the support of new ways of thinking, acting and working in public administration, together with the increased provision of information and interactive services accessible through various channels, is the foundation of eGovernment. In recent years, there has been visible progress in all EU countries in terms of the general framework for e-government strategy, which is based on best practices and methodologies. The aim of our research is to discover the way in which the EU states are situated from the point of view of the digitalization of the administration. For this I used Gaussian models. The main research parameters were: accessibility; transparency, investments in information and communication technologies and investments in infrastructure related to public administrations in EU countries. The results show significant differences between state administrations. We applied Gaussian Mixture Model clustering in order to make an analysis of the national E-government situation in the European Union for 2018. The GMM algorithm estimated six clusters. We find that the first cluster, with Nordic countries, Netherlands and Austria, has the highest values of telecommunication infrastructure, citizens’ access to e-government services and Transparency International’s Corruption Perception Index. At the opposite pole, in cluster 2, Romania and Bulgaria have the lowest values of these three indicators, while their public investment levels are not significantly under EU averages. Our research provides not only an overview of the digitization of administrations, but also what are the main lags that state administrations have to recover in order to reach a digital system integrated into the EU's administrative space.

ACS Style

Armenia Androniceanu; Jani Kinnunen; Irina Georgescu. E-Government clusters in the EU based on the Gaussian Mixture Models. Administratie si Management Public 2020, 1, 6 -20.

AMA Style

Armenia Androniceanu, Jani Kinnunen, Irina Georgescu. E-Government clusters in the EU based on the Gaussian Mixture Models. Administratie si Management Public. 2020; 1 (35):6-20.

Chicago/Turabian Style

Armenia Androniceanu; Jani Kinnunen; Irina Georgescu. 2020. "E-Government clusters in the EU based on the Gaussian Mixture Models." Administratie si Management Public 1, no. 35: 6-20.

Journal article
Published: 21 August 2020 in Sustainability
Reads 0
Downloads 0

The current phenomenon of the economy-accelerated digitalization, known as the “Industry 4.0”, will generate both an increased productivity, connectivity and several transformations on the labor force skills. Our research objectives are to determine the influence that digitalization has had on the workforce in several developed countries and to propose a new composite indicator that reflects these dynamics over time. We have used the Canonical Correlation Analysis (CCA) in order to identify and analyze the correlations between two sets of variables, an independent one and a dependent one. Data were collected from the World Bank and World Economic Forum for the years 2018–2019. Based on the results of our research we have determined and made a consistent analysis of the new composite index of digitalization and labor force in 19 countries. The results of our research are relevant and show not only the impact of digitalization on the labor force in different countries, but also the structural changes required by the new economic and social models. Our research can help decision-makers get in advance the necessary measures in the field of labor force in order to ensure a proper integration of these measures into the new economic model based on digitalization.

ACS Style

Ane-Mari Androniceanu; Irina Georgescu; Manuela Tvaronavičienė; Armenia Androniceanu. Canonical Correlation Analysis and a New Composite Index on Digitalization and Labor Force in the Context of the Industrial Revolution 4.0. Sustainability 2020, 12, 6812 .

AMA Style

Ane-Mari Androniceanu, Irina Georgescu, Manuela Tvaronavičienė, Armenia Androniceanu. Canonical Correlation Analysis and a New Composite Index on Digitalization and Labor Force in the Context of the Industrial Revolution 4.0. Sustainability. 2020; 12 (17):6812.

Chicago/Turabian Style

Ane-Mari Androniceanu; Irina Georgescu; Manuela Tvaronavičienė; Armenia Androniceanu. 2020. "Canonical Correlation Analysis and a New Composite Index on Digitalization and Labor Force in the Context of the Industrial Revolution 4.0." Sustainability 12, no. 17: 6812.

Conference paper
Published: 10 July 2020 in Transactions on Petri Nets and Other Models of Concurrency XV
Reads 0
Downloads 0

The continuous increase of competition in international markets and the diversification of consumers’ interests and expectations of products and services expressed on the social media networks have led us to investigate how the opinions of consumers can significantly influence the changes in the strategy of the organizations. In order to find out the role of social media networks for developing a successful business based on consistent competitive advantages, we chose sentiment analysis and lexicon-based approach. In this paper we used a public dataset Women’s Clothing E-Commerce Review, consisting of real commercial data collected by Nick Brooks, but being anonymized, to analyze the customers’ reviews on fashion. The original dataset consists of 23486 customer reviews and 10 variables. The data are text and numerical types. First, we will analyze the numerical types to find out existing connections between data. We apply the supervised techniques, known as the corpus-based approach, such as neural networks and logistic regression by means of IBM SPSS Statistics v20 software. Thus, the manufacturing companies can discover in the opinions of the consumers the good parts of their products and services, which should be maintained and developed, but also not as good and totally inadequate characteristics of their products and services, which should be replaced. The results of our research help companies discover the key success factors for a business that can contribute significantly to their competitive advantages and also where they can intervene to change certain characteristics of the products and services offered on the market.

ACS Style

Armenia Androniceanu; Irina Georgescu; Jani Kinnunen. The Key Role of Social Media in Identifying Consumer Opinions for Building Sustainable Competitive Advantages. Transactions on Petri Nets and Other Models of Concurrency XV 2020, 261 -277.

AMA Style

Armenia Androniceanu, Irina Georgescu, Jani Kinnunen. The Key Role of Social Media in Identifying Consumer Opinions for Building Sustainable Competitive Advantages. Transactions on Petri Nets and Other Models of Concurrency XV. 2020; ():261-277.

Chicago/Turabian Style

Armenia Androniceanu; Irina Georgescu; Jani Kinnunen. 2020. "The Key Role of Social Media in Identifying Consumer Opinions for Building Sustainable Competitive Advantages." Transactions on Petri Nets and Other Models of Concurrency XV , no. : 261-277.

Methodologies and application
Published: 27 June 2020 in Soft Computing
Reads 0
Downloads 0

The expected utility operators introduced in a previous paper offer a framework for a general risk aversion theory, in which risk is modeled by a fuzzy number A. In this paper, we formulate a coinsurance problem in the possibilistic setting defined by an expected utility operator T. Some properties of the optimal saving T-coinsurance rate are proved, and an approximate calculation formula of this is established with respect to the Arrow–Pratt index of the utility function of the policyholder, as well as the expected value and the variance of a fuzzy number A. Various formulas of the optimal T-coinsurance rate are deduced for a few expected utility operators in case of a triangular fuzzy number and of some HARA- and CRRA-type utility functions.

ACS Style

Irina Georgescu. Expected utility operators and coinsurance problem. Soft Computing 2020, 24, 18647 -18659.

AMA Style

Irina Georgescu. Expected utility operators and coinsurance problem. Soft Computing. 2020; 24 (24):18647-18659.

Chicago/Turabian Style

Irina Georgescu. 2020. "Expected utility operators and coinsurance problem." Soft Computing 24, no. 24: 18647-18659.

Chapter
Published: 27 June 2020 in Development and Implementation of Health Technology Assessment
Reads 0
Downloads 0

Most marketing specialists recognise that consumer behaviour can be explained by knowing the system of factors and variables that influence it. The purpose of our research is to get to know and analyse the behaviour of EU consumers within the online environment. In order to do so, we have selected a group of indicators and variables of consumer behaviour from the Eurostat database. The specific values for each EU Member State were processed using cluster analysis, by means of which we aimed to identify clusters with as many similar elements of the same class as possible (minimal variability within classes) and as many elements which differ from each other as possible if these elements belong to different classes (maximum variability between classes). Our research led to the identification of five clusters in which the EU states are grouped according to the characteristics of consumer behaviour in the online environment. An overview of consumer behaviour on the digital European market is provided and different types of generally similar consumers are identified. The results of our research could be interesting to specialists and experts in the marketing departments of companies doing business on the digital market of the European Union. We further suggest some future research opportunities.

ACS Style

Armenia Androniceanu; Jani Kinnunen; Irina Georgescu; Ane-Mari Androniceanu. Multidimensional Analysis of Consumer Behaviour on the European Digital Market. Development and Implementation of Health Technology Assessment 2020, 75 -95.

AMA Style

Armenia Androniceanu, Jani Kinnunen, Irina Georgescu, Ane-Mari Androniceanu. Multidimensional Analysis of Consumer Behaviour on the European Digital Market. Development and Implementation of Health Technology Assessment. 2020; ():75-95.

Chicago/Turabian Style

Armenia Androniceanu; Jani Kinnunen; Irina Georgescu; Ane-Mari Androniceanu. 2020. "Multidimensional Analysis of Consumer Behaviour on the European Digital Market." Development and Implementation of Health Technology Assessment , no. : 75-95.

Journal article
Published: 12 March 2020 in Physica A: Statistical Mechanics and its Applications
Reads 0
Downloads 0

The paper is concerned with a saving model in which the interest rate risk is a fuzzy number. Our model can be seen as a possibilistic variant of a saving model due to Rothschild and Stiglitz, in which the interest rate risk is a random variable. A notion of possibilistic precautionary saving is defined as a measure of the optimal saving variation when moving from a certain model to the possibilistic interest rate risk model. A first result of the paper characterizes the possibilistic precautionary saving (i.e. generating extra-saving) by an inequality in which the relative prudence index associated with the consumer’s utility function appears. A second result compares the level of optimal saving from the Rothschild and Stiglitz with the level of optimal saving from the possibilistic model from the paper. Finally, two propositions on the approximate calculation of possibilistic optimal saving are proved. The two approximate calculation procedures are illustrated for particular cases of utility functions and fuzzy numbers.

ACS Style

Irina Georgescu; Jani Kinnunen. The interest rate for saving as a possibilistic risk. Physica A: Statistical Mechanics and its Applications 2020, 547, 124460 .

AMA Style

Irina Georgescu, Jani Kinnunen. The interest rate for saving as a possibilistic risk. Physica A: Statistical Mechanics and its Applications. 2020; 547 ():124460.

Chicago/Turabian Style

Irina Georgescu; Jani Kinnunen. 2020. "The interest rate for saving as a possibilistic risk." Physica A: Statistical Mechanics and its Applications 547, no. : 124460.

Journal article
Published: 09 February 2020 in Axioms
Reads 0
Downloads 0

This paper studies an optimal saving model in which risk is represented by a fuzzy number and the total utility function of the model is defined by an expected utility operator. This model generalizes some existing possibilistic saving models and from them, by a particularization, one can obtain new saving models. In the paper, sufficient conditions are set for the presence of potential risk to increase optimal saving levels and an approximation formula for optimal saving is demonstrated. Particular models for a few concrete expected utility operators are analyzed for triangular fuzzy numbers and CRRA-utility functions.

ACS Style

Irina Georgescu; Jani Kinnunen. Optimal Saving by Expected Utility Operators. Axioms 2020, 9, 17 .

AMA Style

Irina Georgescu, Jani Kinnunen. Optimal Saving by Expected Utility Operators. Axioms. 2020; 9 (1):17.

Chicago/Turabian Style

Irina Georgescu; Jani Kinnunen. 2020. "Optimal Saving by Expected Utility Operators." Axioms 9, no. 1: 17.

Journal article
Published: 25 September 2019 in Journal of Systems Science and Information
Reads 0
Downloads 0

A classical portfolio theory deals with finding the optimal proportion in which an agent invests a wealth in a risk-free asset and a probabilistic risky asset. Formulating and solving the problem depend on how the risk is represented and how, combined with the utility function defines a notion of expected utility. In this paper the risk is a fuzzy variable and the notion of expected utility is defined in the setting of Liu’s credibility theory. Thus, the portfolio choice problem is formulated as an optimization problem in which the objective function is a credibilistic expected utility. Different approximation calculation formulas for the optimal allocation of the credibilistic risky asset are proved. These formulas contain two types of parameters: Various credibilistic moments associated with fuzzy variables (expected value, variance, skewness and kurtosis) and the risk aversion, prudence and temperance indicators of the utility function.

ACS Style

Irina Georgescu; Jani Kinnunen. How the Investor’s Risk Preferences Influence the Optimal Allocation in a Credibilistic Portfolio Problem. Journal of Systems Science and Information 2019, 7, 317 -329.

AMA Style

Irina Georgescu, Jani Kinnunen. How the Investor’s Risk Preferences Influence the Optimal Allocation in a Credibilistic Portfolio Problem. Journal of Systems Science and Information. 2019; 7 (4):317-329.

Chicago/Turabian Style

Irina Georgescu; Jani Kinnunen. 2019. "How the Investor’s Risk Preferences Influence the Optimal Allocation in a Credibilistic Portfolio Problem." Journal of Systems Science and Information 7, no. 4: 317-329.

Journal article
Published: 26 July 2019 in Mathematics
Reads 0
Downloads 0

Possibilistic risk theory starts from the hypothesis that risk is modeled by fuzzy numbers. In particular, in a possibilistic portfolio choice problem, the return of a risky asset will be a fuzzy number. The expected utility operators have been introduced in a previous paper to build an abstract theory of possibilistic risk aversion. To each expected utility operator, one can associate the notion of possibilistic expected utility. Using this notion, we will formulate in this very general context a possibilistic portfolio choice problem. The main results of the paper are two approximate calculation formulas for the corresponding optimization problem. The first formula approximates the optimal allocation with respect to risk aversion and investor’s prudence, as well as the first three possibilistic moments. Besides these parameters, in the second formula, the temperance index of the utility function and the fourth possibilistic moment appear.

ACS Style

Irina Georgescu; Louis Aimé Fono. A Portfolio Choice Problem in the Framework of Expected Utility Operators. Mathematics 2019, 7, 669 .

AMA Style

Irina Georgescu, Louis Aimé Fono. A Portfolio Choice Problem in the Framework of Expected Utility Operators. Mathematics. 2019; 7 (8):669.

Chicago/Turabian Style

Irina Georgescu; Louis Aimé Fono. 2019. "A Portfolio Choice Problem in the Framework of Expected Utility Operators." Mathematics 7, no. 8: 669.

Preprint
Published: 25 January 2019
Reads 0
Downloads 0

A classical portfolio theory deals with finding the optimal proportion in which an agent invests a wealth in a risk-free asset and a probabilistic risky asset. Formulating and solving the problem depend on how the risk is represented and how, combined with the utility function defines a notion of expected utility. In this paper the risk is a fuzzy variable and the notion of expected utility is defined in the setting of Liu's credibility theory. Thus the portfolio choice problem is formulated as an optimization problem in which the objective function is a credibilistic expected utility. Different approximation calculation formulas for the optimal allocation of the credibilistic risky asset are proved. These formulas contain two types of parameters: various credibilistic moments associated with fuzzy variables (expected value, variance, skewness and kurtosis) and the risk aversion, prudence and temperance indicators of the utility function.

ACS Style

Irina Georgescu; Jani Kinnunen. How the investor's risk preferences influence the optimal allocation in a credibilistic portfolio problem. 2019, 1 .

AMA Style

Irina Georgescu, Jani Kinnunen. How the investor's risk preferences influence the optimal allocation in a credibilistic portfolio problem. . 2019; ():1.

Chicago/Turabian Style

Irina Georgescu; Jani Kinnunen. 2019. "How the investor's risk preferences influence the optimal allocation in a credibilistic portfolio problem." , no. : 1.

Journal article
Published: 02 August 2018 in Mathematics
Reads 0
Downloads 0

In this paper, several portfolio choice models are studied: a purely possibilistic model in which the return of the risky is a fuzzy number, and four models in which the background risk appears in addition to the investment risk. In these four models, risk is a bidimensional vector whose components are random variables or fuzzy numbers. Approximate formulas of the optimal allocation are obtained for all models, expressed in terms of some probabilistic or possibilistic moments, depending on the indicators of the investor preferences (risk aversion, prudence).

ACS Style

Irina Georgescu. The Effect of Prudence on the Optimal Allocation in Possibilistic and Mixed Models. Mathematics 2018, 6, 133 .

AMA Style

Irina Georgescu. The Effect of Prudence on the Optimal Allocation in Possibilistic and Mixed Models. Mathematics. 2018; 6 (8):133.

Chicago/Turabian Style

Irina Georgescu. 2018. "The Effect of Prudence on the Optimal Allocation in Possibilistic and Mixed Models." Mathematics 6, no. 8: 133.

Journal article
Published: 13 March 2018 in New Mathematics and Natural Computation
Reads 0
Downloads 0

In this paper, the effect of posibilistic or mixed background risk on the level of optimal prevention is studied. In the framework of five purely possibilistic or mixed models, necessary and sufficient conditions are found such that the level of optimal saving decreases or increases as a result of the actions of various types of background risk. This way our results complete those obtained by Courbage and Rey for some prevention models with probabilistic background risk.

ACS Style

Irina Georgescu; Ana María Lucia Casademunt. Optimal Prevention with Possibilistic and Mixed Background Risk. New Mathematics and Natural Computation 2018, 14, 21 -35.

AMA Style

Irina Georgescu, Ana María Lucia Casademunt. Optimal Prevention with Possibilistic and Mixed Background Risk. New Mathematics and Natural Computation. 2018; 14 (1):21-35.

Chicago/Turabian Style

Irina Georgescu; Ana María Lucia Casademunt. 2018. "Optimal Prevention with Possibilistic and Mixed Background Risk." New Mathematics and Natural Computation 14, no. 1: 21-35.

Preprint
Published: 05 June 2017
Reads 0
Downloads 0

This paper proposes two mixed models to study a consumer's optimal saving in the presence of two types of risk.

ACS Style

Irina Georgescu; Adolfo Cristóbal Campoamor; Ana Maria Lucia Casademunt. A Possibilistic and Probabilistic Approach to Precautionary Saving. 2017, 1 .

AMA Style

Irina Georgescu, Adolfo Cristóbal Campoamor, Ana Maria Lucia Casademunt. A Possibilistic and Probabilistic Approach to Precautionary Saving. . 2017; ():1.

Chicago/Turabian Style

Irina Georgescu; Adolfo Cristóbal Campoamor; Ana Maria Lucia Casademunt. 2017. "A Possibilistic and Probabilistic Approach to Precautionary Saving." , no. : 1.

Preprint
Published: 19 May 2017
Reads 0
Downloads 0

In this paper the effect of posibilistic or mixed background risk on the level of optimal prevention is studied. In the framework of five purely possibilistic or mixed models, necessary and sufficient conditions are found such that the level of optimal saving decreases or increases as a result of the actions of various types of background risk. This way our results complete those obtained by Courbage and Rey for some prevention models with probabilistic background risk.

ACS Style

Irina Georgescu; Ana Maria Lucia Casademunt. Optimal prevention with possibilistic and mixed background risk. 2017, 1 .

AMA Style

Irina Georgescu, Ana Maria Lucia Casademunt. Optimal prevention with possibilistic and mixed background risk. . 2017; ():1.

Chicago/Turabian Style

Irina Georgescu; Ana Maria Lucia Casademunt. 2017. "Optimal prevention with possibilistic and mixed background risk." , no. : 1.

Journal article
Published: 01 January 2017 in Panoeconomicus
Reads 0
Downloads 0

This paper proposes two mixed models to study a consumer?s optimal saving in the presence of two types of risk: income risk and background risk. In the first model, income risk is represented by a fuzzy number and background risk by a random variable. In the second model, income risk is represented by a random variable and background risk by a fuzzy number. For each model, three notions of precautionary savings are defined as indicators of the extra saving induced by income and background risk on the consumer?s optimal choice. In conclusion, we can characterize the conditions that allow for extra saving relative to optimal saving under certainty, even when a certain component of risk is modelled using fuzzy numbers.

ACS Style

Irina Georgescu; Adolfo Cristóbal-Campoamor; Ana Lucia-Casademunt. A possibilistic and probabilistic approach to precautionary saving. Panoeconomicus 2017, 64, 273 -295.

AMA Style

Irina Georgescu, Adolfo Cristóbal-Campoamor, Ana Lucia-Casademunt. A possibilistic and probabilistic approach to precautionary saving. Panoeconomicus. 2017; 64 (3):273-295.

Chicago/Turabian Style

Irina Georgescu; Adolfo Cristóbal-Campoamor; Ana Lucia-Casademunt. 2017. "A possibilistic and probabilistic approach to precautionary saving." Panoeconomicus 64, no. 3: 273-295.

Preprint
Published: 01 January 2017
Reads 0
Downloads 0

This paper proposes two mixed models to study a consumer's optimal saving in the presence of two types of risk.

ACS Style

Irina Georgescu; Adolfo Crist\'obal Campoamor; Ana María Lucia Casademunt. A Possibilistic and Probabilistic Approach to Precautionary Saving. 2017, 1 .

AMA Style

Irina Georgescu, Adolfo Crist\'obal Campoamor, Ana María Lucia Casademunt. A Possibilistic and Probabilistic Approach to Precautionary Saving. . 2017; ():1.

Chicago/Turabian Style

Irina Georgescu; Adolfo Crist\'obal Campoamor; Ana María Lucia Casademunt. 2017. "A Possibilistic and Probabilistic Approach to Precautionary Saving." , no. : 1.