diminishing marginal utility of wealth risk averse

Diminishing Marginal Utility of Wealth and Calibration of Risk in.
Abstract: Risk Aversion and Expected-Utility Theory: A Calibration.
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Apr 21, 2011. Risk Averse, Investors who are risk-averse have a diminishing marginal utility for wealth -- the utility of additional increments of wealth.
However, this utility of wealth function is concave. An investor with diminishing marginal utility is necessarily risk-averse. This risk-averse investor is unwilling to.
Combined with diminishing marginal utility of income, this implies that people are financially risk averse--that is, when they're presented with two options that.
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Marginal utility - Wikipedia, the free encyclopedia.

diminishing marginal utility of wealth risk averse

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Abstract: Within the expected-utility framework, the only explanation for risk aversion is that the utility function for wealth is concave: A person has lower marginal utility for. Keywords: Diminishing Marginal Utility, Expected Utility, Risk Aversion.