One of our clients, Mr. ron, currently has an investment portfolio value of $1mil. His portfolio consists of 70% risky portfolio and 30% risk-free asset.

Assume that Mr. rons utility is a power function with y=2 . If another client, Mr. Smith, also has a power utility function but has a larger risk preference parameter value of y than Mr. Choi does, how does Mr. Smith want his money to be allocated relative to Mr. Choi?