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QUESTION
Find the measure for absolute risk-aversion for all four utility functions listed below. Do the same for the measure for relative risk-aversion.
Find the measure for absolute risk-aversion for all four utility functions listed below. Do the same for the measure for relative risk-aversion.
(a) u(w) = 10w + 3
(b) u(w) = w3 + 3w
(c) u(w) = e4w
(d) u(w) = 1- e-w
