Hennessy, David A.; Lapan, Harvey E. - Iowa State University of Science and Technology <Ames, … - 2006
We explore connections between the certainty equivalent return (CER) functional and theunderlying utility function. Curvature properties of the functional depend upon how utilityfunction attributes relate to Hyperbolic Absolute Risk Aversion (HARA) type utility functions.If the CER functional is...