The Quarterly Journal of Economics · 1970 · 74 citations · 0 references
BusinessEconomicsBehavioral EconomicsFinancial EconomicsMicroeconomicsRisk AversionRisk PreferencesRisk ToleranceRisk-sensitive Decision MakingUtility FunctionsUtility TheoryConstant Absolute Risk AversionConsumption Under Risk AversionDecreasing Absolute Risk AversionIncreasing Absolute Risk AversionRisk Aversion EstimationUtility Maximization Under Uncertainty
I. Introduction, 472. — II. The model: assumptions and notation, 474. — III. Derivation of the model, 477. — IV. The utility of wealth, 478. — V. Borrowing constraints: an example, 480. — VI. Concluding remarks, 486.