Koo, Byung Lim; Koo, Hyeng Keun; Koo, Jung Lim; Hyun, … - In: Economics Letters 117 (2012) 3, pp. 646-649
her felicity function locally when she does not adjust her consumption. The homotheticity assumption is not required. An … consumption, her risk-taking over a short time period can be independent of her felicity function. …
