Malakhov, Sergey - Volkswirtschaftliche Fakultät, … - 2014
comparative static analysis of the saddle point of the utility function discovers the ambiguity of the departure from risk …-neutrality. This ambiguity can produce the ordinary risk seeking behavior as well as mathematical catastrophes of Veblen …-effect’s imprudence and over prudence of family altruism. The comeback to risk aversion is also ambiguous and it results either in …