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A decision-maker's utility function is u(w) = (w^(1) 1) / (1 - ) for w > 0. Find out how their risk preference (seeking, averse,
A decision-maker's utility function is u(w) = (w^(1) 1) / (1 - ) for w > 0.
Find out how their risk preference (seeking, averse, neutral) depends on the value of . You may find L'Hopital's rule helpful.
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