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Consider the following utility functions, where W is wealth: (c) U(W) = -W (d) U(W) = W (e) U(W) = ln(W) Wi- (f) U(W) =

Consider the following utility functions, where W is wealth:

(c) U(W) = -W (d) U(W) = W (e) U(W) = ln(W) Wi- (f) U(W) = with y = 2 > 1-Y How likely are each of these functions to represent actual investor prefer- ences? Why? (c) U(W) = -W (d) U(W) = W (e) U(W) = ln(W) Wi- (f) U(W) = with y = 2 > 1-Y How likely are each of these functions to represent actual investor prefer- ences? Why

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