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Q1. Which of the following utility functions are valid for modelling the preference of a risk-averse investor for w > 0? = w2 (a) (b)
Q1. Which of the following utility functions are valid for modelling the preference of a risk-averse investor for w > 0? = w2 (a) (b) (c) U(w) = U(w) = w-2 U(w) = vw
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