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Quarterly Journal of Economics Vol. 84 No. 3 1970

Friedman-Savage Utility Functions Consistent with Risk Aversion

Nils H. Hakansson

University of California, Berkeley

Abstract

I. Introduction, 472. — II. The model: assumptions and notation, 474. — III. Derivation of the model, 477. — IV. The utility of wealth, 478. — V. Borrowing constraints: an example, 480. — VI. Concluding remarks, 486.

DOI
10.2307/1879430
Volume
84
Issue
3
Pages
472
Sources
openalex crossref

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