Question: What is not a utility function? A mathematical function that describes how the investor s standard of living evolves A mathematical way to model behavior
What is not a utility function?
A mathematical function that describes how the investors standard of living evolves
A mathematical way to model behavior that outputs the happiness of the investor
A mathematical way to model behavior that outputs the consumption of the investor
A mathematical way to model behavior that outputs the wealth of the investor
C and D
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