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2. Consider our one-period portfolio choice model with one risky asset and one risk-free asset. Suppose there are two investors who have vN- M utility
2. Consider our one-period portfolio choice model with one risky asset and one risk-free asset. Suppose there are two investors who have vN- M utility functions over end-of-period consumption u and v satisfying u', u' > 0, and u", v" 0, and u", v"
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