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- W2009456400 abstract "An uncertainly model based on money-market imperfections and on linear utility functions (of money) is reformulated so as to be directly with the traditional non-linear utility approach. We postulate that the utility is a linear functions of “augmented” income. But the augmented income is a non-linear function of the nominal income, due to differential interest rates. This new formulation is shown to generate all the essential implications of the traditional approach as in Friedman and Savage, Markowtiz, Arrow, and Pratt. [020]" @default.
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- W2009456400 date "1987-09-01" @default.
- W2009456400 modified "2023-09-24" @default.
- W2009456400 title "Risk Behavior Under Linear Utility Function" @default.
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- W2009456400 doi "https://doi.org/10.1080/10168738700000019" @default.
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