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For an agent with CRRA utility, how would you expect the absolute risk aversion to vary if wealth decreases? Oa . We don't know as
For an agent with CRRA utility, how would you expect the absolute risk aversion to vary if wealth decreases?
Oa We don't know as there is not enough information to conclude.
O b
Constant
OCIncrease
O dNone of the statements are correct
O eDecrease and then increase
O fDecrease
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Finance Theory And Practice
Authors: Anne Marie Ward
2nd Edition
1907214259, 978-1907214257
