y-Y-1 where y > 0 1-Y Find proportion of wealth (a/Y)that investor with this type of...
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y¹-Y-1 where y > 0 1-Y ➤Find proportion of wealth (a/Y)that investor with this type of utility function will allocate to risky asset where: where rg > rf > rb ➤Given: U(Y) = = >r = {n Tg ra with probability n rb with probability 1 - y¹-Y-1 where y > 0 1-Y ➤Find proportion of wealth (a/Y)that investor with this type of utility function will allocate to risky asset where: where rg > rf > rb ➤Given: U(Y) = = >r = {n Tg ra with probability n rb with probability 1 -
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