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An Introduction to Utility Theory - John Norstad's Home Page
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日期：2025-05-08
2 EXAMPLE 1 { A FAIR GAME 3 2 Example 1 { A Fair Game As a rst example, consider an investor with a square root utility function: U(w) = p w= w0:5 Note that : U0(w) = 0:5w 0:5 >0 U00(w) = 0:25w 1:5...看更多
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