for the following utility functions
i. U1 = X0.5 / a0.5
ii. U2 = X
and will you show how you worked it out please. Thankyou
Calculate the level of risk aversion according to the Arrow - Pratt formula?
- Posted:
- 3+ months ago by nicolemary
- Topics:
- arrow, formula, utility, level, risk, economics, maths, microeconomics
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