Show that if agent (a) is strongly more risk averse than agent (b), in the sense of
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Show that if agent \(a\) is strongly more risk averse than agent \(b\), in the sense of Sect. 2.5, then agent \(a\) is also more risk averse than agent \(b\), but the converse is not true.
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Related Book For
Financial Markets Theory Equilibrium Efficiency And Information
ISBN: 9781447174042
2nd Edition
Authors: Emilio Barucci, Claudio Fontana
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