Mirman, Leonard; Santugini, Marc - In: Journal of Risk and Uncertainty 48 (2014) 1, pp. 51-66
Building on Kihlstrom and Mirman (Journal of Economic Theory, 8(3), 361–388, <CitationRef CitationID="CR4 … relationship between changes in risk aversion and classical demand theory. We show that the effect of risk aversion on optimal …