Keynes conjectured that people save the more the riskier the future is This phenomenon which9is called precautionary saving can be explained with standd exponential discounting Is this statement corr

No, the statement is not correct. Keynes did not conjecture that people save more as the future becomes riskier. In fact, he argued that individuals tend to save less in times of economic uncertainty and risk. Precautionary saving refers to the practice of saving money as a precaution against future uncertainties or unexpected events, rather than as a response to increased risk. Standd exponential discounting is not directly related to the concept of precautionary saving.