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1. Kyle's utility function is given by U(I) = I 3 , where I represents income. What can we conclude about Kyle's preference towards risk?
1. Kyle's utility function is given by U(I) = I 3 , where I represents income. What can we conclude about Kyle's preference towards risk? Explain.
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An Inquiry Into The Nature And Causes Of The Wealth Of Nations
Authors: Adam Smith, R H Campbell
1st Edition
0865970068, 9780865970069
