The Accumulation of Risky Capital: A Sequential Utility Analysis
- 1 October 1962
- journal article
- Published by JSTOR in Econometrica
- Vol. 30 (4) , 729
- https://doi.org/10.2307/1909322
Abstract
This paper presents a utility analysis of personal saving in which the only storable asset, capital, exposes its holder to the risk of capital gain or loss. The...Keywords
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