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Relative risk aversion: increasing or decreasing?

Philip Graves ()

MPRA Paper from University Library of Munich, Germany

Abstract: While there is no abstract for this paper, it makes an argument that relative risk aversion is decreasing in wealth rather than increasing in wealth as hypothesized by Arrow, using the money demand findings of Friedman.

Keywords: relative risk aversion; portfolio analysis; money demand; cash proportions; velocity of money (search for similar items in EconPapers)
JEL-codes: D81 E4 D14 (search for similar items in EconPapers)
Date: 1979-06
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Journal Article: Relative Risk Aversion: Increasing or Decreasing? (1979) Downloads
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Handle: RePEc:pra:mprapa:19909