Mirman, Leonard; Santugini, Marc - In: Journal of Risk and Uncertainty 48 (2014) 1, pp. 51-66
Building on Kihlstrom and Mirman (Journal of Economic Theory, 8(3), 361–388, <CitationRef CitationID="CR4">1974</CitationRef>)’s formulation of risk aversion in the case of multidimensional utility functions, we study the effect of risk aversion on optimal behavior in a general consumer’s maximization problem under uncertainty. We...</citationref>
