Suppose that a persons utility function depends both on his total wealth and on the current weather.
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Suppose that a person’s utility function depends both on his total wealth and on the current weather. From the perspective of a model such as the Intertemporal Capital Asset Pricing Model, what sort of portfolio should such a person hold?
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Such a person should hold a combination of the traditional market portfolio and a port...View the full answer
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Gaurav Soni
Teaching was always an area where I can pursue my passion. I used to teach my friends and junior during my school and college life. After completing my professional qualification (chartered accountancy) and before joining my job, I also joined an organization for teaching and guidance to my juniors. I had also written some articles during my internship which later got published. apart from that, I have also given some presentations on certain amendments/complex issues in various forms.
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Related Book For 
Behavioral Finance
ISBN: 9780190868741
1st Edition
Authors: H. Kent Baker, Greg Filbeck, John R. Nofsinger
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