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Increasing risk and nonseparable utility functions

✍ Scribed by Roger R Betancourt


Book ID
115963846
Publisher
Elsevier Science
Year
1973
Tongue
English
Weight
399 KB
Volume
6
Category
Article
ISSN
0022-0531

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πŸ“œ SIMILAR VOLUMES


Mean utility preserving increases in ris
✍ Michel Demers πŸ“‚ Article πŸ“… 1987 πŸ› Springer US 🌐 English βš– 654 KB

This paper i defines the concept of a mean utility preserving spread across states (MUPSAS) for state dependent utility functions and analyzes the behavioural impact of shifts in the probability distribution of wealth across states such that overall mean utility is preserved. The main result provide