Question #2003063: Other Economics Problems


Question: Given the von Neumann-Morgenstern utility function \(u\left( w \right)={{r}^{-1}}{{w}^{r}}\) if \(r\in \left( 0,1 \right)\) and \(\ln w\) if r = 0, prove that the measure of relative risk aversion is a constant.

Solution: The solution consists of 102 words (1 page)
Deliverables: Word Document

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