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Re-solve the portfolio allocation problem from Problem 1 above, assuming that instead of taking the logarithmic form, the investor's Bernoulli utility function is u(Y)=1Y11, where

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Re-solve the portfolio allocation problem from Problem 1 above, assuming that instead of taking the logarithmic form, the investor's Bernoulli utility function is u(Y)=1Y11, where =2 Which investor is more risk averse: the investor from Problem 1 or the investor from Problem 2? Which investor allocates more of his or her wealth to stocks

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