Question: Recompute all the examples in section 12.1 with the log utility replaced by the exponential utility U(x) = 1 eax.

Recompute all the examples in section 12.1 with the log utility replaced by the exponential utility U(x) = 1 − e−ax.

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We first consider the case of one agent in a singleperiod setting with two consumption goods The maximization problem is given by Such That P 1 c 1 P ... View full answer

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