Relative Risk Aversion: Increasing or Decreasing?
- 1 June 1979
- journal article
- Published by JSTOR in Journal of Financial and Quantitative Analysis
- Vol. 14 (2) , 205
- https://doi.org/10.2307/2330498
Abstract
While there is no abstract for this paper, it makes an argument that relative risk aversion is decreasing in wealth rather than increasing in wealth as hypothesized by Arrow, using the money demand findings of Friedman.Keywords
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