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2.31 Prove that for any VNM utility function, the condition u'''(w) > 0 is necessary but not sufficient for DARA.
2.31 Prove that for any VNM utility function, the condition u'''(w) > 0 is necessary but not sufficient for DARA.
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Data Science And Machine Learning Mathematical And Statistical Methods
Authors: Dirk P. Kroese, Thomas Taimre, Radislav Vaisman, Zdravko Botev
1st Edition
1138492531, 978-1138492530
