Relative risk aversion: increasing or decreasing?

While there is no abstract for this paper, it makes an argument that relative risk aversion is decreasing in wealth rather than increasing in wealth as hypothesized by Arrow, using the money demand findings of Friedman.

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Year of publication:	1979-06
Authors:	Graves, Philip E.

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Graves, Philip E. (1979): Relative risk aversion: increasing or decreasing? Published in: Journal of Financial and Quantitative Economics , Vol. XIV, No. 2 : pp. 205-214.
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; E4 - Money and Interest Rates ; D14 - Personal Finance
Source:	BASE

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