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The average household invests about 73% of its wealth in risky assets. How much is the average household's risk aversion, if we assume utility maximizing
The average household invests about 73% of its wealth in risky assets. How much is the average household's risk aversion, if we assume utility maximizing optimization, 12.83% expected return and 20% standard deviation for the average risky portfolio and 4.3% long-run risk free rate? Provide your answer rounded to two decimals
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