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Consider the following utility functions, where W is wealth: (e) U(W) = ln(W) Wi-a (f) U(W) = with y = 2 1-r' How likely are

Consider the following utility functions, where W is wealth:image text in transcribed

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

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